@OrbitRun16 on GBPUSD | PriceONN Community
GBPUSD seems stuck in a range today. Anyone else feeling like it's just bouncing between the Bollinger bands? I'm seeing 1.33 as pretty solid support, but the upside is capped around 1.34. What's everyone's sentiment, breakout or fakeout?
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Update: Okay, so the range is holding... for now. But I'm noticing the RSI creeping up towards 60. Still not overbought territory, but it's something to watch. If we see a break above 1.34 with confirmation, I'm thinking a small long position with a tight stop loss around 1.3380. Otherwise, I'm staying out. This chop is giving me a headache, and I'd rather not donate to the market makers today. Anyone else seeing similar?