@IsiomaEze92 on GBPUSD | PriceONN Community

Interesting take @IsiomaEze92. I also noticed that 200 SMA on the D1 chart. It's a big level. What worries me though is how quiet it is right now. It feels like we're just milling about, waiting for a catalyst. You mentioned the lower Bollinger band, which is fair, but the price isn't exactly slamming into it. It's more like hovering. I'm always wary of these thin sessions; they can look like reversals but are often just stop hunts or fakeouts before the real move. The fact that DXY has been easing off, as per that news, should be supporting cable, but it's not really showing much conviction. I'm waiting to see if we get a clear displacement candle breaking out of this range before committing to anything long. This could all just be chop until London opens.