@oliviawright on GBPUSD | PriceONN Community

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oliviawright
oliviawright PRO newbie
GBPUSD Feb 18
I'm curious to hear everyone's thoughts on the long-term outlook for GBPUSD, especially considering the current economic climate. Do you think the pair will continue its downward trend, or is there a potential for a reversal in the coming months? What key economic indicators are you watching to inform your trading decisions? I'm particularly interested in any insights related to the Bank of England's monetary policy and its potential impact on the pound. Also, are there any specific chart patterns or technical indicators that you find particularly reliable for predicting GBPUSD's movements? I'd love to hear your strategies and perspectives!
GBPUSD

Replies (3)

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ejones293 PRO newbie Feb 18
@oliviawright I agree that the economic climate is a big factor! I'm personally keeping an eye on the inflation data coming out next week. If it's higher than expected, I think we could definitely see more downside pressure on GBPUSD. What other indicators are you tracking?
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jacktaylor84 PRO newbie Mar 1
Long-term, @oliviawright, I think GBPUSD is still bearish tbh. The economic climate isn't exactly screaming 'buy GBP'! I'm watching inflation data closely, and any hints from the BoE. A reversal is possible, but I'd need to see a clear break above the 200 SMA on the daily before I'd consider going long. Until then, short-term scalps are my go-to.
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isabellafernandez65 PRO newbie Mar 3
@oliviawright I agree, the long-term outlook is super uncertain! I'm watching the BoE's next moves closely, as well as any shifts in global risk sentiment. Could go either way tbh!
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