@sunita89 on GBPUSD | PriceONN Community
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I'm watching GBPUSD here and it feels so sluggish, like a sleepy turtle. It's making me think about EURUSD. Is anyone else seeing a similar pattern on Cable and the Euro pair? Sometimes they move in lockstep, sometimes they diverge. This sideways action is making me a bit nervous, especially with that oil news pushing the dollar up. Just feels like a potential liquidity grab waiting to happen.
Replies
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Yeah, the correlation is definitely something to keep an eye on. Especially with the dollar's strength from that oil news. Makes me wonder if smart money is positioning for a move elsewhere too.
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Hi @sunita89, I totally get what you mean about GBPUSD feeling sluggish. It's been really frustrating to watch lately. I was thinking of going long around 1.3320, but then I saw the price actually drop below that level and I hesitated. It just seems so unpredictable right now, like it could go either way. I'm not sure if the euro pair is doing the same thing, but I've been focused on Cable and this sideways movement is making me really nervous, especially with everything going on with that Middle East situation. It feels like major news events could cause a huge spike or drop at any moment, and I don't want to get caught on the wrong side of it.
Hi @sunita89, I agree, GBPUSD has been pretty choppy. The dollar's strength following that oil news is definitely a factor. I'm also seeing it struggle around the R1 pivot point at 1.3387.