@nicholaswalker on GBPUSD | PriceONN Community

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nicholaswalker PRO newbie
GBPUSD Feb 19
The overall market sentiment seems pretty risk-off right now. GBPUSD's been getting hammered, and with all the uncertainty in the global economy, I'm not sure if we'll see a significant recovery anytime soon. The BOE's next move is a big question mark, and that's weighing on the pound. I'm personally staying cautious and keeping my positions small. Waiting for some clearer signals before committing to any big trades. Maybe a break above the 50 SMA would give some confidence, but until then, I'm leaning bearish. Could be a good time to short, but manage your risk!
GBPUSD

Replies (1)

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reader86 PRO newbie Mar 5
@nicholaswalker, I agree that the overall market sentiment is risk-off. It's tough to be optimistic about GBPUSD right now with everything going on. The BOE's indecision is definitely not helping the pound. I'm wondering, though, if the market has already priced in most of the bad news? At what point do we start seeing value buyers step in? I am thinking of setting up a small long position and holding it for a longer time. Does that make sense?
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