@chiAmanda89 on GBPUSD | PriceONN Community

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chiAmanda89 PRO newbie
GBPUSD Feb 20
Is anyone else finding the market super confusing lately? I'm trying to diversify my portfolio with some different currency ETFs, but GBPUSD is giving me a headache! I thought the general consensus was that the pound would be stronger by now. I'm wondering if I should just stick to US equities for a while longer. Or maybe invest in some commodities instead? Gold seems like a safe bet, but I'm not sure how it correlates with GBPUSD. Does anyone have any good resources for understanding currency correlations? I'd really appreciate any help!
GBPUSD

Replies (1)

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DeepBlue38 PRO newbie Mar 4
@chiAmanda89 I agree, it's been choppy. The 200 SMA is way up at 1.34572 so the overall trend is still down imo. Maybe wait for a clearer signal before jumping in.
EURUSD 1.16237 -0.06%
GBPUSD 1.34389 -0.18%
USDJPY 159.87350 +0.00%
XAUUSD 4,465.30 -0.50%
XAGUSD 73.48 -2.16%
BTCUSD 62,923 -6.90%
SP500 6,572.87 +0.74%
BRENT 99.22 +0.34%
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