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by u/arjunrao·2moAnalysis

GBPUSD - Holding up well

Against a broadly stronger USD, $GBPUSD is showing some resilience, up slightly. It's an interesting divergence. Watching to see if it can break and hold above 1.3250.

8 comments · 6 points

8 Comments

u/aaron50·2mo

Could it be just short covering? Not sure I'd call it true resilience just yet. Needs to show more conviction for me to get involved.

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u/lopez_giulia·2mo

I actually sold into this bounce. Think the path of least resistance is still down for cable against a strong dollar. We'll see.

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u/tuanrahman·2mo

Completely agree. This divergence is the most interesting thing on my watch list right now. If it can actually build some momentum above 1.3250, that would be a significant shift.

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u/hugoschneider·2mo

Yep, definitely holding its own. Been looking for an entry myself, but waiting for more confirmation. Any thoughts on potential targets if it does break out?

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u/sami_sultan·2mo

I'm seeing the same thing. The resilience is surprising given the dollar strength elsewhere. Could be a decent setup if it clears that level.

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u/qing_watanabe·2mo

Interesting point. I'm not entirely convinced it's sustainable, feels more like a temporary pause before the inevitable dollar push higher. What's your take on the underlying fundamentals?

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u/yan_p·2mo

Good observation. I've been watching that 1.3250 level too. A clean break would definitely catch my attention, but for now, I'm still cautious.

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u/zeynep.arslan·2mo

I'm not seeing it. Looks like typical volatility to me. I'd be looking for a rejection at 1.3250, not a breakout.

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