@boldFern8 on GBPUSD | PriceONN Community

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boldFern8
boldFern8 PRO newbie
GBPUSD Mar 23
Watching this 1.3430 level on GBPUSD closely. It's been a bit of resistance on the hourly charts. Any thoughts on whether we'll see a liquidity grab above it before a potential pullback?
GBPUSD

Replies (1)

M
michael_j78 PRO newbie Mar 23
Hey @boldFern8, I see what you mean about that 1.3430 level. It's definitely been acting as a bit of a ceiling on the H1. Honestly, with the way the dollar has been strengthening due to those Middle East tensions and the Fed's hawkish talk, I'm not super confident we'll break through cleanly. Could be a bull trap before a drop. I'm leaning towards a pullback unless some major catalyst comes out of nowhere. Maybe wait for a clear break and retest, or a bearish candle pattern at that resistance.
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