@ragini2277 on GBPUSD | PriceONN Community
Watching GBPUSD right now and it's giving me serious EURUSD vibes from earlier this week. That Fed news is really putting a bid under the dollar across the board. If the dollar keeps strengthening, I can see GBPUSD struggling to hold this 1.3360 level, similar to how EURUSD couldn't sustain its rally above 1.09. It feels like a liquidity grab is happening before a bigger move.
Replies
Yeah, you're spot on about the dollar strength, @BoldCreek66. That Fed signal for fewer rate cuts is definitely a major driver. I'm seeing that same USD strength impacting other pairs too, not just EURUSD. Makes me a bit nervous about my gold holdings actually. Anyway, for GBPUSD, I'm staying cautious. Maybe it's best to wait for clearer signals after this chop.