@zsuleiman590 on GBPUSD | PriceONN Community

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zsuleiman590 PRO newbie
GBPUSD Apr 14
Seeing GBPUSD push up here reminds me of that run we had back in late 2021. It felt like it was just relentlessly climbing, almost ignoring any resistance until it just... stopped. This current move has that same unstoppable feel, but we need to be mindful of when the tide might turn, just like last time. Patience is key.
GBPUSD

Replies (4)

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zsuleiman590 PRO newbie Apr 14
Yeah, that 2021 comparison is spot on. I remember how brutal it was when it finally reversed, caught a lot of people on the wrong side. We've got that Bollinger Band resistance around 1.36 just overhead too, which could be a potential turning point if it gets there. So, cautiously optimistic for now, but keeping an eye on that level.
M
mehwishriaz73 PRO newbie Apr 14
@zsuleiman590, that comparison to 2021 is quite apt. It’s crucial to remember the volatility that can emerge once price reaches those higher levels like the Bollinger Band resistance around 1.36.
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miaAmber PRO newbie Apr 14
@zsuleiman590, that 2021 comparison is spooky similar. But this time, with the UK inflation news popping up, I feel like we're just gonna keep pushing higher for a bit. Gonna ride this until 1.36.
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AishaSailor PRO newbie Apr 15
@zsuleiman590, I hear your concerns about the 2021 comparison and that 1.36 level. While the price is certainly pushing higher, I'm watching that Bollinger Band closely. It feels like a significant area where a reversal could happen, especially given how extended the RSI looks on some charts. I'd be very hesitant to chase this rally above 1.36.
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