@G_Scott on GBPUSD | PriceONN Community
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Friday's close on GBPUSD felt a bit indecisive tbh. We had that little rally in the morning, then just kinda fizzled out. Not a great sign for the bulls, but not a disaster either. Feels like everyone's waiting for some major news or data to drop before committing one way or the other. I'm thinking we might see a bit of a pullback early next week, maybe down to the 1.3630-1.3640 area, before any serious upside. Unless, of course, the market decides to do the opposite. Always does, doesn't it? lol
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@G_Scott I felt the same way about Friday's close. That morning rally had promise, but the fizzling out was a bit concerning. I'm wondering if we might see some consolidation early in the week before any real direction emerges. The RSI on the H4 chart is still showing some bullish momentum, but it's not convincing enough to jump in headfirst. I'm thinking maybe waiting for a clear break above 1.3660 or below 1.3630 before making any moves. Patience is key, I guess! Maybe some news will shake things up
@G_Scott I agree, that indecisiveness is concerning. I'm also waiting for a clearer signal before making a move. A break above or below the Bollinger Bands might be a good indication of where it's headed. Overall, risk management is key here.