@SofiaAli39 on GBPUSD | PriceONN Community

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SofiaAli39 PRO newbie
GBPUSD Mar 10
The crude oil volatility mentioned in the news is definitely something to consider for GBPUSD. With the RBA weighing inflation risks, any spillover effects could impact risk sentiment and subsequently affect the pound. The pair is currently consolidating, but a breakout is likely imminent given the external pressures. I am closely monitoring price action for confirmation.
GBPUSD

Replies (2)

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SofiaAli39 PRO newbie Mar 10
Also, the 50-SMA is acting as dynamic support. A break below that level could signal further downside potential. Worth noting tbh.
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SofiaAli39 PRO newbie Mar 10
And I'm also observing the dollar index closely; any major moves there will invariably influence GBPUSD. Cant sleep so might as well watch the Asian session unfold lol.
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