@EllaR94 on GBPUSD | PriceONN Community
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Overall, I'm cautiously optimistic about GBPUSD in the short term. The BOE's recent comments suggest a more hawkish stance, which could provide further support for the pound. However, the pair is still trading below the 200 SMA on the daily chart, so we need to be mindful of potential resistance. The dollar's strength remains a significant factor too, and that could change things quickly. For now, I'm focusing on smaller, shorter-term trades rather than holding any long-term positions. Diversification is key to minimise risk in this environment. Will be interesting to see how it plays out!