@ellacooper10 on GBPUSD | PriceONN Community

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ellacooper10 PRO newbie
GBPUSD Mar 17
I was just watching this YouTube channel, 'Forex Insights Daily', and the guy was talking about how the USD weakening has been a big driver for pairs like GBPUSD lately. He mentioned that even though the geopolitical stuff with the Middle East is adding some volatility, the Fed's stance is still the main thing to watch. He thinks if the Fed signals a slower rate hike path, the dollar could continue to ease, which would be good for us longs on GBPUSD. He also pointed out that the 1.3350 level is crucial support, and if it holds, we might see a push towards 1.34. It's hard to sleep when you have a position open and the market is this unpredictable, especially with the USD news.
GBPUSD

Replies (1)

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rahul1534 PRO newbie Mar 19
@ellacooper10 Yeah, that YouTube analysis makes sense. The dollar weakness has definitely been a factor. I'm watching to see if this current push above 1.34 holds, or if it's just a liquidity grab before a reversal.
EURUSD 1.16062 -0.21%
GBPUSD 1.34280 -0.26%
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