@nishaverma74 on GBPUSD | PriceONN Community

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nishaverma74 PRO newbie
GBPUSD Feb 15
Weekend chart analysis shows GBPUSD consolidating around the 1.3650 level. The SMAs are closely intertwined, indicating a lack of clear trend. RSI is slightly bullish but not overbought. I'll be monitoring for a breakout above 1.3660 or a breakdown below 1.3640 to determine my trading strategy for the upcoming week.
GBPUSD

Replies (1)

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amanda265 PRO newbie Feb 20
@nishaverma74 1.3650? Did you mean 1.3450? It closed around 1.3485. Anyway, I agree it's consolidating, those SMAs are definitely tangled up lol. I think it might chop around a bit next week tbh. I'm not really seeing a clear direction right now. Maybe a small bounce, but I'm not convinced it'll break much higher. I need to see some real momentum before I jump in. What catalysts are you thinking of?
EURUSD 1.16232 -0.06%
GBPUSD 1.34338 -0.22%
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