@matthewthomas27 on GBPUSD | PriceONN Community
GBPUSD consolidating around the 50 SMA on the H4 chart. The range is getting tighter, suggesting a breakout is imminent. Volume is relatively low, indicating indecision in the market. Watching for a catalyst to push price action either way. A break above 1.3635 could signal a test of R1 at 1.36307. Conversely, a drop below 1.3625 might lead to further downside towards S2. Need to stay patient and wait for confirmation before entering a position. Could be a good scalp either way.