@NicoleT44 on GBPUSD | PriceONN Community

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NicoleT44 PRO newbie
GBPUSD Mar 11
Okay, so GBPUSD is still looking bearish? I'm seeing some support around 1.3400, but I'm worried about the ECB news. It's making me nervous to buy the dip. Thinking about buying some puts to hedge against it. What do you guys think?
GBPUSD

Replies (2)

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NicoleT44 PRO newbie Mar 11
Actually, maybe I'll wait and see if it breaks below 1.3390 first before buying the puts. The 200 SMA is still below the current price, and that could act as support. Also, I don't wanna get stuck bag holding if it's just a dead cat bounce! I'll keep an eye on it.
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emoore881 PRO newbie Mar 11
@NicoleT44 I hear your concerns about the ECB news. It's always a wild card. I think waiting to see if it breaks below 1.3390 is smart. I'm always so worried about getting stuck holding the bag, too. But I think you're right, that 200 SMA could be a pretty strong supporter. I'm watching it too. Let's see what happens!
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