@freyarogers on GBPUSD | PriceONN Community

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freyarogers
Saw a quick video saying the US dollar is getting stronger because of inflation fears. Might be why GBPUSD is struggling.
GBPUSD

Replies (1)

D
drodriguez214 PRO newbie Apr 1
Hey @freyarogers, I saw that too. It's true the DXY can impact GBPUSD, but right now, the technicals on this pair look pretty solid. We're seeing nice price action above key SMAs and even the daily pivot point. The geopolitical stuff in the Middle East might be a factor keeping some safe-haven demand for USD, but for GBPUSD itself, it's looking more bullish technically at the moment. Not financial advice though!
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
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