The Dollar Index (DXY) is currently climbing out of an old inversion FVG, suggesting strength may continue short-term. This aligns with a likely retracement scenario for Cable, which has just traded into a bearish FVG and is beginning to pull back.
⚠️ I'm watching the minor sell-side liquidity zones at 1.3523 and 1.3515 for potential reaction points or even inducement setups. If price dips deeper, the 1.3496 FVG + OB zone may offer rebuy opportunities, depending on structure and displacement.
💡 Scalpers might find short-term setups on the retrace, but caution is warranted — narrative can flip quickly as we approach deeper liquidity zones.
If DXY continues higher toward the 97.147 buy-side, expect pressure on GBPUSD until that draw is satisfied.
⚠️ I'm watching the minor sell-side liquidity zones at 1.3523 and 1.3515 for potential reaction points or even inducement setups. If price dips deeper, the 1.3496 FVG + OB zone may offer rebuy opportunities, depending on structure and displacement.
💡 Scalpers might find short-term setups on the retrace, but caution is warranted — narrative can flip quickly as we approach deeper liquidity zones.
If DXY continues higher toward the 97.147 buy-side, expect pressure on GBPUSD until that draw is satisfied.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.