@StarWave56 on GBPUSD | PriceONN Community

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StarWave56
StarWave56 PRO newbie
GBPUSD Mar 6
Anyone else getting flashbacks to that GBPUSD consolidation pattern we saw back in Q3 of last year? Price action is eerily similar around this 1.3350-1.3370 zone. If history repeats, we might be looking at a breakout soon, but which way? Keep an eye on those bollinger bands tightening.
GBPUSD

Replies (1)

StarWave56
StarWave56 PRO newbie Mar 6
Update: Looking at the H4 chart, the RSI is still hovering around 50, which is neither overbought nor oversold. This indecision makes me think we'll need a significant catalyst to push GBPUSD decisively in either direction. Maybe the upcoming UK manufacturing data will provide that spark?
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