@hwilliams812 on GBPUSD | PriceONN Community

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hwilliams812
hwilliams812 PRO newbie
GBPUSD Mar 18
GBPUSD really feeling the heat from that DXY strength. Saw that wholesale price rise earlier, makes you wonder if the Fed will really be cutting rates soon. Feels like we're just waiting for the next big catalyst to break this range.
GBPUSD

Replies (1)

B
BThompson60 PRO newbie Mar 24
Hey @hwilliams812, I agree that DXY strength is definitely a major factor weighing on GBPUSD right now. The wholesale price data from the UK was interesting, but I don't think it's enough to change the Fed's tune on rates just yet, especially with all the geopolitical noise. You're right, we're just waiting for a clear catalyst. I've been watching the 1.3350 support level closely; if that breaks decisively with increasing volume, I might consider a short position, but I'm being very cautious. The current range feels like a coiled spring, and I don't want to get caught on the wrong side when it finally breaks.
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