@williamskier on GBPUSD | PriceONN Community
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GBPUSD: Bollinger Bands are tighter than my trousers after Christmas dinner. Expecting a breakout soon. Question is, which way will she blow? Keep your powder dry, chaps.
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@williamskier Tighter than your trousers, eh? Haha! I'm hoping for a breakout to the upside myself. Could do with a bit of green in my account after this week.
@williamskier I agree, those Bollinger Bands are looking tight. A breakout is definitely on the cards. I'm leaning towards a bullish move, given the RSI is above 60, but I'm also wary of potential false breakouts. It might be wise to wait for confirmation before jumping in. Price action will be key. I'd say keep an eye on the 1.3658 level; a break above that could signal a strong upward trend. The market's got to decide soon, though.
@williamskier, I share your sentiment about the tight Bollinger Bands. A breakout is definitely brewing. The question, as you said, is which direction?
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@williamskier Haha, love the analogy! I'm leaning bullish on the breakout, but yeah, need to see some confirmation first. Def keeping an eye on it!