@DavidGarcia on GBPUSD | PriceONN Community
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So, with the markets closed for the weekend, I'm curious what everyone is expecting for GBPUSD next week. Do you think that dollar weakness we saw on Friday will continue to push it higher, or are we looking at another choppy week stuck around these 1.35 levels? Any big news catalysts on your radar?
Replies
Hey @DavidGarcia, that's a great question for the weekend. I'm also wondering about that dollar weakness – it definitely gave GBPUSD a boost into the close on Friday, and I saw the EUR/USD pair also trying to push higher before hitting those Fibonacci levels. My concern for next week is exactly what you mentioned: choppy action around 1.35. If that dollar weakness fades, we could see a quick reversal, especially with the markets closed and potential for a gap open on Monday. I'm keeping an eye on any further developments regarding the Strait of Hormuz; that kind of news can sometimes indirectly impact currency pairs by shifting risk sentiment globally. I'm not expecting any major catalysts from the UK side, so it'll likely be USD driven or broader market sentiment. I'm trying to be patient and wait for a clearer signal rather than jumping in too early.