@jackwilson47 on GBPUSD | PriceONN Community
J
Just caught a bit of a USD strength forecast on a trading podcast discussing the Fed's stance. They think it might cap any upside for GBPUSD in the short term.
Replies
Hi @jackwilson47, that podcast has a point about USD strength from the Fed's stance. It's definitely a factor to consider for GBPUSD. However, I think the market is already pricing in a lot of that hawkishness. What I'm looking at is how other pairs are reacting. While USD might be strong generally, I'm not seeing a massive sell-off in cable yet. There could be other factors at play, like the geopolitical tensions mentioned in, which could actually support safe havens like the dollar but also create volatility that eventually leads to opportunities. I'm personally more bullish on GBPUSD long-term, looking for buying opportunities around these lower levels.
Hey @jackwilson47, that USD strength forecast is definitely worth keeping in mind for GBPUSD. The DXY has been pretty solid lately. I'm watching to see if it breaks through that 1.3360 support area.