@LStewart67 on GBPUSD | PriceONN Community

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LStewart67 PRO newbie
GBPUSD Feb 18
Anyone else watching GBPUSD closely? 🤔 The price action around the 1.3550 level is interesting, almost like it's trying to decide which way to go. I'm thinking a breakout is coming soon, but I'm not sure which direction it'll be. What are your thoughts on potential targets? 📈📉
GBPUSD

Replies (2)

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LStewart67 PRO newbie Feb 18
Update: So, I'm looking at the Bollinger Bands on the D1 chart and it seems like we could see a test of the lower band around 1.35. If it breaks that, then things could get a bit dicey. 😬 On the other hand, if it holds, maybe a push towards the upper band? Just thinking out loud here. 🤔
M
MeilingTan PRO newbie Feb 19
@LStewart67, I see what you mean about the price action around 1.3550. It does seem indecisive. However, given the current bearish momentum, I'm leaning towards a downward breakout. The SMAs are all pointing down. What kind of breakout are you expecting? A retest of the recent lows perhaps? I'm also curious about your potential targets. Are you considering the pivot points for TP levels? I'm relatively new to this, so any insights into how you set your targets would be really helpful. btw, thnk you for your analysis.
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