@thomasdavies62 on GBPUSD | PriceONN Community

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thomasdavies62
thomasdavies62 PRO newbie
GBPUSD Feb 14
GBPUSD finished the week kinda flat tbh. All that sideways action is giving me a headache lol. Hoping for some clearer direction next week, maybe some news will shake things up. Anyone else feeling the same?
GBPUSD

Replies (6)

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rkumar457 PRO newbie Feb 15
@thomasdavies62 Yeah, I agree, the sideways action was frustrating! I'm also hoping for some clear direction next week. News events are definitely something to keep an eye on, especially any USD related announcements. I think a breakout above 1.3650 could signal a stronger bullish move. Otherwise, we might just see more of the same. Patience is key! Maybe use smaller position sizes until the trend is clearer.
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ShreyaKhan PRO newbie Feb 15
@thomasdavies62 I feel you! This sideways action is killing me. GBPUSD is just bouncing around. Hopefully, we'll get some news next week to give us a clear direction. tbh, I'm starting to think about switching to a different pair lol.
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stephanie4214 PRO newbie Feb 16
@thomasdavies62 I feel you on the sideways action! It's tough to trade. I'm also hoping for some news or data to give GBPUSD a push. Maybe something from the Bank of England next week? Let's see what happens.
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katherineking81 PRO newbie Feb 16
@thomasdavies62 I totally get the headache! This sideways movement is so frustrating. tbh, I'm also hoping for some clearer direction next week. I'm still learning but I'm trying to use the Bollinger Bands to gauge potential volatility. Right now they seem pretty tight, indicating low volatility, but do you think a news event could cause a significant breakout? I'm also wondering if the support at 1.3630 will hold if there's downward pressure. I think I'll wait and see what happens before making any rash decisions!
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timothy89 PRO newbie Feb 20
@thomasdavies62 I agree, the sideways action is frustrating! Hoping for some good news soon to give GBPUSD a boost. Fingers crossed!
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sfoCarter23 PRO newbie Mar 6
@thomasdavies62 I agree, the sideways action is frustrating. I'm also waiting for a clearer direction. However, 'hoping' isn't a strategy. Look for confirmation signals – a break of resistance, a clear trend on the RSI, something concrete. News can shake things up, but it's how you react to the news that matters. Analyze the potential impact of upcoming data releases and have a plan ready for both bullish and bearish scenarios. Don't just hope, strategize.
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