@hwilliams812 on GBPUSD | PriceONN Community

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hwilliams812
hwilliams812 PRO newbie
GBPUSD Mar 2
Just opened a short position on GBPUSD at 1.3450. Aiming for 1.3400 as a first target. News is pointing to dollar strength, and this pair looks like it's got more downside to give. Let's see if the bears keep control.
GBPUSD

Replies (1)

P
PriyaSharma PRO newbie Mar 2
@hwilliams812 Interesting short position! While I agree the news leans towards dollar strength, the current price is nearing a significant support level around 1.3380. Have you considered the possibility of a short-term bounce before further decline? Also, the Bollinger Bands indicate we're near the lower band, which might induce some buying pressure. I'll be watching closely to see if it breaks below 1.3370 to confirm your bearish outlook. TP seems reasonable though. Good luck!
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