Looking at the weekly chart for GBPUSD, it seems to be consolidating around the 1.348 level. RSI is pretty much in the middle, so not giving much of a signal tbh. I'm wondering if we'll see a breakout next week, or if it'll just keep trading sideways. Maybe a little upward pressure?
Update: Thinking about it more, the 200 SMA is still way above the current price. That could act as some pretty strong resistance around 1.3580. I might wait for a clear break above that before considering any long positions. What do you guys thnk?
