@kartik7630 on GBPUSD | PriceONN Community

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kartik7630 PRO newbie
GBPUSD Mar 9
Keep an eye on the UK's GDP figures coming out next week. Could be a major catalyst for GBPUSD. Also, the Bank of England's governor is scheduled to speak... that'll definitely move the markets. Gotta be ready for anything!
GBPUSD

Replies (2)

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oakinwande84 PRO newbie Mar 9
@kartik7630 True, the UK GDP figures next week will be crucial. But I'm also watching the fallout from the oil volatility mentioned in the news. Could strengthen the dollar which would put downward pressure on GBPUSD.
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deepblue205 PRO newbie Mar 13
@oakinwande84 I agree that the oil volatility is a factor, but I'm not convinced it will necessarily strengthen the dollar in the long term. The UK GDP figures next week, as @kartik7630 mentioned, are definitely crucial. However, I think the market is already pricing in a potentially negative outcome. If the GDP data comes in better than expected, even slightly, we could see a significant upside move in GBPUSD. I'm looking for a potential bounce off the 1.3250 level, with a target of 1.3320. I've set a tight stop loss just below 1.3230, just in case.
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