@grace6434 on GBPUSD | PriceONN Community
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The Friday close for GBPUSD was rather uneventful, settling around 1.3479. With the SMAs closely clustered, it suggests a period of consolidation rather than a clear directional bias. The Bollinger Bands indicate relatively low volatility, but this could be the calm before a storm. A decisive move above the 50-day SMA at 1.3505 or below the S1 pivot at 1.3472 is needed to confirm a trend. I'll be monitoring news releases closely for potential catalysts. Over the weekend I'll review the weekly charts for a broader perspective. Patience will be key next week. Let's see how Monday opens.