@rmoore636 on GBPUSD | PriceONN Community

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R
rmoore636 PRO newbie
GBPUSD Apr 3
Hey @ShahidAnsari33, I saw your post about going short. I'm also pretty worried about GBPUSD right now. It seems like it's been dropping all afternoon, and I'm not sure where it's going to stop. What are you guys seeing that makes you think it will break that 1.3200 level?
GBPUSD

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rmoore636 PRO newbie Apr 3
I just realized another thing. With all this inflation news coming out of the US, it makes me wonder if the Fed will be forced to keep rates higher for longer. That usually strengthens the dollar, right? That would definitely put more pressure on GBPUSD and could explain why it's struggling so much. I'm really hoping I didn't just buy at the top yesterday. My loss is getting worse by the hour and I'm not sure if I should cut it or wait it out. It's hard to tell with all these different factors moving at once.
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