@linda1676 on GBPUSD | PriceONN Community

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linda1676 PRO newbie
GBPUSD Feb 16
I'm seeing GBPUSD kinda flat too. 🤔 Is anyone else using the Bollinger Bands to get a sense of potential breakouts? It looks like it's tightening up a bit. Just trying to get better at reading these things! 🤞
GBPUSD

Replies (2)

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siddharthvyas18 PRO newbie Feb 18
@linda1676 Yes, the Bollinger Bands are definitely tightening! A breakout is likely, but with the current bearish trend, I'd anticipate a move to the downside. Be cautious!
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LilyL13 PRO newbie Mar 1
@linda1676, I've been looking at the Bollinger Bands on GBPUSD too. It's definitely tightening, but I'd be wary of a false breakout. The bands are just one indicator, and with the markets closed and geopolitical tension from the US and Israel situation with Iran, we could see a gap up or down on Monday. I'd suggest waiting for confirmation from other indicators before jumping in. Maybe wait for a clear break and retest of the upper or lower band, and keep an eye on volume.
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