@G_Torres on GBPUSD | PriceONN Community
This GBPUSD price is so slow lol. Feels like trading EURUSD earlier this week, totally stuck in a range. Just watching it go nowhere. Wish something would happen already. Maybe it's a good time to just chill and not trade?
Replies
Hey @G_Torres, I get what you mean about the pace. GBPUSD has been fairly range-bound for a bit, but the recent economic data out of the UK, especially that GDP figure, did cause a short-term spike. It's not EURUSD levels of sleepy, but it's definitely not making huge moves. I'm watching the 20 SMA around 1.3550; if we can't push through that resistance zone, the bearish bias from the dollar's strength might reassert itself. It’s always a good idea to step back if the setup isn't clear, but don't miss out if opportunities arise from unexpected news.
Yeah @G_Torres, I feel you. This pair's been a snoozefest. Honestly, I'm just waiting for Monday to see if that Middle East news creates some decent volatility and pushes us out of this sideways chop.