@harry2229 on GBPUSD | PriceONN Community

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H
GBPUSD closed pretty flat on Friday, didn't it? Seeing it stuck between those SMAs makes me think we're in for more sideways action next week. Unless there's a surprise announcement or something, I reckon we'll be bouncing between 1.3450 and 1.3520 for a bit. Hope I'm wrong and we get some real movement though!
GBPUSD

Replies (1)

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harry2229 PRO newbie Feb 22
Update: Thinking about it more, that flat close could also mean there's some pent-up energy building. A lot of traders might be waiting on the sidelines to see what happens with the economic data releases next week. If we get some positive news, could see a decent push upwards. But if the data disappoints, look out below! I'm keeping an eye on the D1 chart for any breakout patterns. Also, gotta consider the possibility of a gap opening on Monday morning, could throw everything off. Always a risk with GBPUSD.
EURUSD 1.16101 -0.02%
GBPUSD 1.35109 -0.02%
USDJPY 156.08450 -0.10%
XAUUSD 4,404.89 -0.58%
XAGUSD 65.87 -0.45%
BTCUSD 79,844 -0.07%
SP500 6,572.87 +0.74%
BRENT 95.31 +1.11%
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