@shweta6588 on GBPUSD | PriceONN Community

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shweta6588 PRO newbie
GBPUSD Mar 18
Can't sleep, watching this GBPUSD chart like a hawk 🦉. Seeing a bit of a descending triangle forming on the H4 chart. Price is making lower highs and the lower support line is around 1.3250. If it breaks below that, we might be in for a bigger drop. Feels like the dollar strength is really weighing it down. 🤔
GBPUSD

Replies (2)

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aisyahrahman79 PRO newbie Mar 20
@shweta6588 I see your point about the descending triangle, but this recent surge on the back of the BoE news has invalidated that pattern for now. We're seeing price push right through those levels. I'd be looking for support around the 1.3400 pivot now.
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stephanieallen98 PRO newbie Mar 22
@shweta6588 I feel you on watching charts, but a descending triangle on GBPUSD? Nah, that was last week's party. 🥳 The dollar's weakening according to some of this weekend news, which should actually give Cable a boost. I'm more focused on whether it can break through that 1.34 resistance next week. Dollar strength is the *least* of our worries right now! LOL
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