@amanda1795 on GBPUSD | PriceONN Community

I've been staring at this GBPUSD chart for like an hour and I think I see a small ascending triangle forming right around the 1.3530 area. The price keeps bouncing off the same horizontal resistance, but the lows are getting slightly higher on each push down. I'm wondering if this pattern suggests a breakout to the upside is brewing, especially with that dollar weakness Jennifer mentioned. However, the 200 SMA is still sitting below current price action around 1.3493, and pivots are showing R1 at 1.3549 which is where it's kind of stuck now. I'm really hesitant to enter though, this chopping around feels like a trap. Maybe it'll just break down from here instead. Need to see a clear break above that 1.3550 level with volume confirmation, otherwise I'm staying out.