@stephanie1271 on GBPUSD | PriceONN Community
Wow, this news about the Middle East tensions really has the dollar strengthening everywhere. I'm seeing AUD/USD and NZD/USD really struggling, which makes sense with a flight to safety. Not sure how this impacts GBPUSD directly though, it feels like it's holding its ground for now, but I'm definitely a bit more cautious with my positions.
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Thinking more about that dollar strength, it could put a ceiling on GBPUSD even if the news is mostly localized to other pairs. The US session is usually where the dollar really makes its moves. I'm going to be watching that DXY very closely now, might even consider tightening my stops if it keeps climbing.
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That's a good point, @stephanie1271. Even with local news, dollar strength tends to dominate the majors. I'm keeping an eye on the 200 SMA around 1.33419 as a potential ceiling if we do see some USD weakness ease up.