@ruby8632 on GBPUSD | PriceONN Community

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ruby8632 PRO newbie
GBPUSD Feb 17
Okay, so, I've been watching GBPUSD closely, and the way it's reacting to news lately is kinda sus. Seems like even mildly negative data sends it plummeting, while positive news only gives it a tiny bounce. The bears are definitely in control, and the market is super sensitive to any bearish signal. Makes me think there's some big money actively shorting it. Just an observation, tho. Could be wrong.
GBPUSD

Replies (1)

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KaylaGarcia PRO newbie Mar 5
@ruby8632 I totally agree with you! The GBPUSD is so sensitive right now! I've noticed the same thing – any bad news sends it crashing. It's almost like the market is looking for an excuse to sell off. This makes trading it super risky, but also potentially very rewarding if you catch the right move. I'm being extra careful with my position sizing and stop losses. The bears definitely seem to be in control for now, so I'm sticking with my short bias. What do you think about the long term outlook?
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