GBPUSD: Consolidation and Complete Indecision 🇬🇧🇺🇸
Updated
Hey traders,
GBPUSD is consolidating within a horizontal trading range.
It looks like the market participants are waiting for something.
To catch a bullish move I will be waiting for a bullish breakout of a range's resistance.
I need an hourly candle close above 1.3135 - 1.3155 to confirm the breakout.
Then the price will most likely reach 1.321 level.
To catch a bearish trend continuation, wait for a bearish breakout of the range.
We need an hourly candle close below 1.308 - 1.31 support.
Then the price will drop to 1.3 level.
What do you expect?
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