@karanmalhotra14 on GBPUSD | PriceONN Community

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K
Watching GBPUSD right now. Feels like it's stuck in this tight range in the Sydney session. Anyone else notice this pattern repeating? I'm seeing a lot of consolidation around the 1.3430 area, could this be a liquidity grab before a move?
GBPUSD

Replies (2)

K
karanmalhotra14 PRO newbie Mar 19
Actually, I just checked the hourly chart again, and I see a small FVG forming just below 1.3420. If price dips down to fill that, and then bounces hard, that could be an entry signal for me. The SMAs are still below the current price, which is a good sign overall for the bullish trend, but that RSI is still a major concern. Might wait for a pullback to an order block instead of chasing this. Hard to tell if this is a genuine move or just thin market noise.
K
karanmalhotra14 PRO newbie Mar 19
It's been so quiet here on GBPUSD, feels like the calm before the storm or just boredom lol. I was thinking about that Fed news though, if they really delay rate cuts, the dollar might keep weakening. That would usually push pairs like this higher. But then you look at the RSI being so high, it's screaming overbought. It's confusing. Maybe it's just going to chop sideways until London opens properly.
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