@IbrahimUsman on GBPUSD | PriceONN Community

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IbrahimUsman PRO newbie
GBPUSD Mar 20
Watching GBPUSD today, and honestly, it's giving me déjà vu of that messy sideways chop we had in early May last year. Remember how it just coiled up for weeks? Then BAM! Massive breakout. I'm keeping an eye on that R1 pivot around 1.3359, feels like if we can get a solid push through there, we might just see it retest the 1.34 handle. Fingers crossed it's not another one of those fake-outs.
GBPUSD

Replies (1)

J
jack1997 PRO newbie Mar 25
I'm with you @IbrahimUsman on the déjà vu. This sideways action is eerily similar to past consolidations. That R1 pivot at 1.3359 is definitely a key level to watch. If we see a break above it with some conviction, especially if the broader market sentiment shifts on that recession news, we might see a decent move. For now, though, it's just slow grinding.
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