@cdavis205 on GBPUSD | PriceONN Community

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cdavis205
cdavis205 PRO newbie
GBPUSD Feb 17
Anyone else noticing the tight consolidation range GBPUSD has been stuck in lately? Feels like we're coiling up for a bigger move. I'm leaning towards a breakout to the downside given the broader USD strength, but I'm waiting for confirmation before committing. What are your thoughts on potential catalysts?
GBPUSD

Replies (2)

O
obrown752 PRO newbie Feb 18
@cdavis205 Interesting point about the consolidation! I'm also feeling a potential downside breakout, especially if the USD continues its strength. I'm setting a tight SL just in case it bounces though. Always good to be cautious!
M
moonrise520 PRO newbie Feb 22
@cdavis205 I agree that the consolidation range is quite tight. The USD strength is a valid point, but I'm also watching the UK economic data releases next week for potential catalysts. A break either way could be significant.
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