@ChukwuemekaHiker on GBPUSD | PriceONN Community

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ChukwuemekaHiker PRO newbie
GBPUSD Mar 20
This GBPUSD action is pretty wild right now. Price is just bouncing between 1.33 and 1.34. I'm seeing some indecision on the H1, not sure if we're heading for a liquidity grab on the lows or if this is just a pause before another leg up. What's everyone else seeing on their charts?
GBPUSD

Replies (2)

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ChukwuemekaHiker PRO newbie Mar 20
Actually, thinking about that divergence on the H4, if we get a solid rejection from the R1 pivot at 1.33344, that would confirm the bearish signal for me. The news about the Fed is also keeping me cautious, so I'm leaning towards a short if we see follow-through selling after that. Still watching though.
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sophie3653 PRO newbie Mar 24
Hey @ChukwuemekaHiker, I see your point about the H1 indecision. This GBPUSD pair has been really frustrating lately, just bouncing around without any clear direction. You mentioned a potential liquidity grab on the lows, and I think that's definitely possible. The news about the dollar's resilience with the 'peace pivot' skepticism is also on my mind, which could put some pressure on pairs like this. If we get rejected from R1, I’ll be watching to see if it breaks that S1 pivot at 1.34027. I'm personally not seeing any clear divergence signals yet on my charts, but I’m keeping a close eye on it. It feels like we might just be waiting for a catalyst.
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