@BraveRiver30 on GBPUSD | PriceONN Community

Upon further review, the Bollinger Bands indicate that GBPUSD is currently trading within a relatively narrow range. The upper band aligns closely with the R1 pivot point at 1.35244, which could act as an immediate ceiling. A decisive break above this level, coupled with increasing volume, would provide stronger confirmation of the bullish bias. Conversely, failure to breach R1 and a subsequent drop below the 1.35 level may signal a potential retracement towards the S1 pivot at 1.35065. It would be prudent to observe price action around these key levels before initiating any positions. The market's reaction to upcoming economic data releases should also be factored into the risk assessment.