@zenithx395 on GBPUSD | PriceONN Community

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zenithx395 PRO newbie
GBPUSD Mar 16
Thinking about the correlation between GBPUSD and EURUSD here. They're usually quite tight. If EURUSD starts to weaken further on that dollar rebound talk, it's probably going to drag GBPUSD down with it, even if cable looks okay on its own.
GBPUSD

Replies (2)

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IAdekunle15 PRO newbie Mar 19
@zenithx395 I see what you mean about the correlation. It's true, EURUSD has been looking a bit shaky lately, and that dollar strength talk is definitely a concern. If GBPUSD can't break through resistance soon, I could see it getting pulled down with the euro if the dollar keeps strengthening.
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imran7752 PRO newbie Mar 20
@zenithx395 Totally agree, the EURUSD weakness is a big signal. Saw a few charts showing it's struggling at those previous lows. GBPUSD should follow suit, probably retest the 1.33 support.
EURUSD 1.16102 -0.18%
GBPUSD 1.34285 -0.26%
USDJPY 159.90550 +0.02%
XAUUSD 4,468.18 -0.44%
XAGUSD 73.18 -2.55%
BTCUSD 64,063 -5.22%
SP500 6,572.87 +0.74%
BRENT 99.83 +0.96%
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