1st post here, been a long time lurker. I wanna preface thi by saying I am not a trader, I am learning. I do however, fortunately have a decent chunk of USD that I was paid, all was well when the price was ~1.27 but since April when it bounced from 1.27-1.32 and now more recently it has costs me many thousands holding USD. I live in the UK, and I kept the USD because I 1) earned better interest on it than GBP 2) I have traded well in the past getting out of USD when it hit 1.23 in February, so stupidly thought I could time it again. I actually had the trade ready to go to get out of USD at 1.27 in April before it bounced, and I got complacent. I dont need the GBP right now and can hold out but I am intrested to hear thoughts on what someone should do holding multiple 6figures in a currency that isn't domestic and is undergoing high volatility. Should I have a target to get out of some of it? I was thinking 1.28/29 would be a sweet spot. Any advice welcome, I am way too far exposed to USD than I am comfrotable with but equally the price atm I cannot see myself getting out of it until it recovers, so I'm ok to stick with it until it strengthens. I've learned a lot reading the last few months here.
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