GBPUSD seems to be stuck in a tight range, doesn't it? RSI is neutral, SMAs are all clustered together... reminds me of my last relationship status. Anyway, I'm waiting for a clearer signal before committing. Any thoughts on what might trigger a breakout?
Update: I'm noticing the Bollinger Bands are pretty tight too, which usually indicates a period of low volatility before a bigger move. Could be a good opportunity to set some bracket orders and just wait for the market to decide. Maybe I'll set my TP at R1 around 1.34735 and SL at S1 near 1.34492... just in case!
