Most people do Risk on to Risk Off, we can see in this war situation people turn to safe havens such as Gold and USD. The price of GBPUSD has broken from the daily support around 1.34864 and possibly will decline towards the next support in the demand area as well as the 0.618 Fibonacci area around 1.33949. Fundamentals: The euro will be the hardest hit by the...
Hello Trader, this is just my opinion. Today USD looks weak, wait for a pullback to take a short position. In general, I am Bullist on XAU, USD, and JPY in the Russia vs Ukraine conflict.
Possibly towards an area of demand or a level of support. Also, DXY at the Bullist trendline. GBPUSD remains in the sideway area and is currently at its daily resistance. If the incident is the same as before, GBPUSD will go to its daily support first.
DXY seems to be approaching support at the trendline to continue the bullish trend towards wave 5. What do you think? Today's USD news to watch: Average Hourly Earnings Non-Farm Employment Change Unemployment Rate