@justinthompson50 on GBPUSD | PriceONN Community

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justinthompson50
justinthompson50 PRO newbie
GBPUSD Mar 13
Wow, GBPUSD just tanked. Dollar strength is really hammering everything. I thought it would hold at 1.323 but nope. Where's the bottom here???
GBPUSD

Replies (1)

I
IronBear84 PRO newbie Mar 17
Hey @justinthompson50, I totally get what you mean about GBPUSD tanking. It feels like the dollar is just relentless right now, especially with all the talk around the Fed meeting coming up. I saw it dip below 1.33, and was wondering if that 1.323 support you mentioned would hold, but it seems like the strength of the dollar is just overpowering everything else. I'm also a bit of a beginner with this pair, but I've noticed that when the DXY (Dollar Index) starts pushing higher, GBPUSD tends to suffer. I'm hoping the Bank of England's decision yesterday might give it some life, but for now, it's just following the dollar's lead. Trying to figure out the bottom is the hardest part, isn't it? I usually look at previous lows and pivot points for clues, but even those can break pretty quickly.
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