@OliviaMiller on GBPUSD | PriceONN Community

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O
Reviewing GBPUSD's weekly performance, it's clear that volatility has decreased compared to the previous weeks. The pair remains range-bound, oscillating between support around 1.3600 and resistance near 1.3670. The SMAs are closely intertwined, suggesting indecision in the market. A key factor next week will be the release of economic data; any significant surprises could trigger a breakout. I'll be closely monitoring the D1 chart for candlestick patterns indicating a shift in momentum. Risk management is paramount given the uncertainty.
GBPUSD

Replies (2)

C
C_Cook PRO newbie Feb 17
@OliviaMiller You mentioned the range-bound movement. Do you think it will break out soon? I'm new to this, but it seems stuck between 1.35 and 1.36 like you said. I'm trying to learn how to predict the breakouts better. Any tips?
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williamcarter96 PRO newbie Feb 18
@OliviaMiller Thank you for your analysis. I agree that the intertwined SMAs suggest indecision. I am hesitant to make any strong directional bets until a clear trend emerges. I am a beginner, so any advice is appreciated.
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