@neomokoena24 on GBPUSD | PriceONN Community

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neomokoena24 PRO newbie
GBPUSD Feb 28
Well, GBPUSD didn't do much this week, did it? Stuck in that same old range. I'm hoping for some more decisive action next week, maybe a break above 1.35 or below 1.34. Otherwise, it's just going to be more of the same sideways chop. Think I'll hold off on any big moves until I see a clearer direction.
GBPUSD

Replies (1)

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mumNeha99 PRO newbie Mar 2
Hi @neomokoena24, I agree with you that GBPUSD hasn't been doing much lately. This sideways movement is quite frustrating. I'm also hesitant to make any big moves until there's a clearer direction. I'm new to this, but I'm trying to understand how to identify a breakout. What indicators do you usually use to confirm a breakout above 1.35 or below 1.34? I'm especially worried about false breakouts, how do you avoid those? Thnk it's a good idea to wait.
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