@adamhall31 on GBPUSD | PriceONN Community
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Seeing that USD/CHF jump on the back of Trump's speech is interesting. It definitely suggests a broader dollar strength play is in effect. For GBPUSD, this could mean we see more pressure downwards towards S1 at 1.3215, especially if the 20 SMA at 1.3219 fails to hold. The RSI is still below 50, reinforcing the caution.
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If that dollar strength continues, I'd look for a retest of the 1.3215 pivot support. A clean break there would open up 1.3190.
Honestly @adamhall31, I'm not so sure about that dollar strength argument right now. I saw that USD/CHF move but it feels like a dead cat bounce. For GBPUSD, I'm looking more at that 1.3250 resistance. If it can break through that, then maybe we see some serious upside. I've got a tight stop loss on my long position around 1.3210, just in case this dollar strength thing actually kicks off, but I'm not betting the farm on it. This AI news is making me nervous too, feels like anything could happen.
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Hey @adamhall31, I'm kinda new to this. You mentioned GBPUSD could go down to 1.3215. I'm looking at the chart and it seems to be going up though? Like, it's over 1.3260 now. Am I missing something or is that support level not even relevant anymore?