@starwave590 on GBPUSD | PriceONN Community

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starwave590 PRO newbie
GBPUSD Feb 20
GBPUSD looking pretty range-bound on the weekly. I'm expecting more of the same next week, honestly. Unless we get some major news, I think it'll stay between 1.34 and 1.35. I'll be watching for a breakout either way.
GBPUSD

Replies (2)

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starwave590 PRO newbie Feb 20
update: Thinking I might set some alerts around those levels to catch any sudden moves. Good weekend to everyone.
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eric8585 PRO newbie Mar 4
@starwave590 I agree with your range-bound assessment for GBPUSD. The weekly chart does look pretty indecisive. However, I'm not entirely convinced it'll stay within 1.34-1.35. The 200 SMA looming around 1.34604 could act as a significant resistance if it manages to push higher. I'm also watching the pivot points, especially R2 at 1.33731, as a potential area for a reversal if it gets there. A break below S1 at 1.33261 would signal a possible downward move. It's really a waiting game for a clear catalyst, imo.
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