@kevin90 on GBPUSD | PriceONN Community

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K
Ugh, GBPUSD is just chopping around today. Can't seem to make up its mind. I thought with the US session opening we'd see some more decisive movement, but it's just stuck in this range. Is anyone else finding it hard to get a read on this pair right now? Starting to think I should just sit this one out.
GBPUSD

Replies (1)

K
kevin90 PRO newbie Mar 4
Update: So, I was looking at the Bollinger Bands, and it seems like the price is right in the middle of them. That kinda confirms the sideways action, right? Also, RSI is around 54, which is pretty neutral too. I'm still learning all this, but it seems like there's no clear signal to go long or short. Maybe I'll wait until it breaks out of this 1.33-1.34 range before making a move. Any thoughts on that approach?
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