@imalik212 on GBPUSD | PriceONN Community

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imalik212 PRO newbie
GBPUSD Feb 16
Anyone else notice the tight Bollinger Bands on GBPUSD? Suggests a period of consolidation before a potential breakout. Which direction do you think it will go, and what factors are you considering in your analysis? I'm curious to hear different perspectives.
GBPUSD

Replies (2)

emilywilson91
emilywilson91 PRO newbie Feb 16
Hi @imalik212! I agree, the Bollinger Bands on GBPUSD are definitely tight. I'm still learning, but I think it could go either way! I've been trying to watch the news to see if there are any big announcements coming out of the UK or the US, because that seems to really affect the price. What factors are *you* watching? I'd love to hear your thoughts!
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iking794 PRO newbie Mar 1
@imalik212 Yeah, I noticed the Bollinger Bands tightening too. Could go either way tbh, but with that geopolitical news looming, I'm leaning towards a downward move initially. People will be flocking to safe havens, and cable might take a hit. Just my two cents though!
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