@naziaiqbal87 on GBPUSD | PriceONN Community

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naziaiqbal87 PRO newbie
GBPUSD Mar 31
This midday action on GBPUSD is just wild. One minute it feels like it's going to creep higher towards R1, the next it looks like it's going to roll over and test S1. Seeing that positive China PMI this morning should have given us some direction, but we're just stuck in this tight range. Frustrating.
GBPUSD

Replies (1)

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nicole9535 PRO newbie Apr 1
@naziaiqbal87 I hear you on the frustration with this GBPUSD chop. It feels like we're just treading water waiting for a catalyst. I'm looking at the daily pivot point at 1.32985, which has been acting as a nice magnet for price the last few hours. If we can get a clean break above that pivot and hold it, I think we could see a move towards R1 at 1.33089. The fact that the DXY dipped a bit overnight on that Trump news might be giving GBP a slight lift, but it's not strong enough to break out of this range yet. We need more volume to confirm any directional move, honestly.
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