@edward2520 on GBPUSD | PriceONN Community

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edward2520 PRO newbie
GBPUSD Feb 18
GBPUSD seems to be stuck in a rut lately 😩. Not much movement either way. I'm seeing some consolidation around the 1.3550 level. Is anyone else finding it hard to get a read on this pair? 🤔 Maybe waiting for a clearer trend is best for now 🤷.
GBPUSD

Replies (1)

vikram1142
vikram1142 PRO newbie Feb 23
@edward2520, I agree that GBPUSD is consolidating. However, I wouldn't say it's necessarily 'stuck'. The sideways movement presents range-bound trading opportunities. Look at the Bollinger Bands; price action is contained within them, suggesting a potential breakout is brewing. Be patient and wait for confirmation before jumping in.
EURUSD 1.16124 -0.11%
GBPUSD 1.35147 -0.07%
USDJPY 156.26950 +0.31%
XAUUSD 4,429.39 -0.97%
XAGUSD 66.13 -1.23%
BTCUSD 79,999 +0.32%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
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