@joshuathomas on GBPUSD | PriceONN Community
This GBPUSD action right now is giving me major EURUSD vibes from last week. That pair just stalled out around 1.1050, got completely stuck in chop for days. I'm seeing similar consolidation here near the 1.3220s, almost like it's baiting longs before a flush. The geopolitical noise isn't helping clarity either.
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Seriously, it's like déjà vu. EURUSD got hammered after it failed to break higher, and GBPUSD looks poised for a similar fate if that 1.32 support can't hold. I've got a tight short set up around 1.3240, betting on a break down to the S2 pivot at 1.3208. If we see any follow-through on that dollar strength from Trump's speech, we could see a quick drop here. Honestly, the way the DXY is creeping up is a massive red flag for cable right now. This isn't the time for ticky-tack entries, gotta go big or go home. Full margin long on USDIndex yesterday paid off, so this feels right.