@daniel_w92 on GBPUSD | PriceONN Community

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Looking at this GBPUSD chart for the weekend. Friday's close at 1.33435 isn't exactly inspiring, right near that 50-day SMA. The dollar's supposed strength on those geopolitical 'risks' seems like a joke, always the excuse for their manipulation. I'm not seeing any real conviction for a move either way, just choppy sideways action that eats spreads alive.
GBPUSD

Replies (1)

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daniel_w92 PRO newbie Mar 21
And seriously, what's with the dollar acting like a safe haven then immediately tanking? The news about geopolitical tensions is just cover for whatever the algos are programmed to do. They always find an excuse. I saw DXY below 100 and thought, 'great, more dollar weakness,' but then you see GBPUSD barely budge, or worse, it drops because they need to hunt stops. This whole market feels rigged, especially around those pivot points like 1.33334. It's like they have a script. I'm just waiting for Monday to see if they gap it down again to grab liquidity near S2 at 1.33048. Typical.
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