@boldFern8 on GBPUSD | PriceONN Community

@boldFern8 I agree with your assessment regarding the stronger dollar. The Fed's tapering is definitely a significant factor to consider. I think waiting for a clearer signal is prudent, especially given the current volatility. A long position at this level does seem premature. Perhaps observing the price action around the S2 pivot level (1.34146) would give a better indication of potential support. Furthermore, the overall risk sentiment is still quite fragile, which could exacerbate any downward movements in GBPUSD. I'm looking at short opportunities if it breaks 1.3420.