@elizabethking on GBPUSD | PriceONN Community

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GBPUSD seems stuck in a range lately. The 20 and 50 SMAs are pretty close together, which usually means indecision. I'm not seeing a clear direction right now. Might be best to wait for a breakout before making any big moves.
GBPUSD

Replies (1)

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elizabethking PRO newbie Feb 20
Update: Looking at the D1 chart, I see a bit of a bearish engulfing candle forming. That could be a sign of further downside pressure on GBPUSD. I'm keeping an eye on the 1.3450 level. If it breaks, we could see a move towards S2. Still waiting for more confirmation though.
EURUSD 1.16197 -0.09%
GBPUSD 1.34351 -0.21%
USDJPY 159.88350 +0.00%
XAUUSD 4,464.61 -0.51%
XAGUSD 73.34 -2.35%
BTCUSD 62,938 -6.88%
SP500 6,572.87 +0.74%
BRENT 99.30 +0.42%
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