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HWby u/hugo.weber·1dAnalysis

GBPUSD: Watching the 0.813 level for continuation

Been looking at $GBPUSD this morning and the action around the 0.813 handle is interesting. We've seen a dip, currently around 0.81345, testing what looks like prior support. If it holds, especially considering the broader sentiment around the dollar, we might see a bounce back towards the 0.82 handle that was the earlier high.

However, a clear break and sustained close below 0.813 would definitely invalidate that scenario for me. It could suggest a deeper retracement is in play, perhaps towards the 0.81 support, and I'd reassess the short-term direction from there. Just my thoughts, always good to hear other perspectives.

2 comments · 1 points

2 Comments

TUu/tuanrahman·1d

I'm seeing similar price action. Given the recent hawkish shift from the BoE, I wonder how much more room there is for GBP downside, even if the dollar strengthens further. It feels like 0.813 could be a solid floor for now.

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PAu/pablobrown·1d

Interesting call on GBPUSD. I'm with you on the 0.813 level being key; feels like a make-or-break point for the short term. Are you considering any specific news catalysts today, or just technicals for this?

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