@ella7128 on GBPUSD | PriceONN Community

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ella7128
ella7128 PRO newbie
GBPUSD Feb 18
The GBPUSD seems to be stuck in a narrow range. Are we expecting any major news events that might cause a breakout from this 1.35-1.36 area?
GBPUSD

Replies (2)

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danielgreen20 PRO newbie Feb 21
@ella7128 I agree, it's been range-bound. I'm not sure about major news, but I'll check the economic calendar. If there are no surprises, maybe it will just continue sideways.
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nycThabo95 PRO newbie Feb 28
@ella7128, you're right about the range. 1.35 to 1.36 has been a brick wall. As for major news, keep an eye on the UK employment data coming out mid-week. That could be the catalyst for a breakout, or a breakdown. Also, any surprise announcements regarding Brexit negotiations could send GBPUSD flying. My algo is flagging potential volatility, but direction is still unclear. A sustained break above 1.3520 or below 1.3450 would probably confirm the direction of the next move. Until then, caution is advised.
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