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GBPUSD
The USD has been dominating across all USD pairs, driven by positive economic news out of the US and weaker numbers from the EU. The question is whether this momentum will continue, leading to further downside for pairs like GBP/USD and EUR/USD, or if we'll witness a complete USD dump as we head into 2025.
Interestingly, many retail traders are looking for long positions, believing that GBP and EUR are oversold. The big question is: Will large institutions take advantage of this sentiment, potentially trapping retail traders before continuing the downtrend?
Interestingly, many retail traders are looking for long positions, believing that GBP and EUR are oversold. The big question is: Will large institutions take advantage of this sentiment, potentially trapping retail traders before continuing the downtrend?
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