Why is the pound going up because tech stocks are down? So confused rn

[TrendCipher]

Hey everyone, ngl I'm super confused by what's happening today. I was just looking at the charts and saw the pound edging higher, but apparently it's because the US tech sector is dragging? Can someone please explain this to me like I'm five? I thought tech stocks crashing usually meant panic, not good news for GBP. Are investors rotating out of dollars or something? I'm just trying to figure out how this actually impacts my forex watchlist before I do something stupid and FOMO into a trade I don't understand. Any experienced traders mind dropping some knowledge on how this works? How do you guys usually play these cross-market moves?

 

[Owen Carter 27]

Lol don't overthink it man, fundamentals have been a total mess lately anyway. Just keep it simple and look at the daily charts, cable is just testing a major flip zone from last month. Price action doesn't care about tech stocks right now, just respect the levels.