Anyone have thoughts on GBPUSD next week? The RSI is above 60 but the 200 SMA is still looming above at 1.34206. I'm wondering if we'll see a correction or if the bullish momentum will continue. What levels are people watching?
Follow-up to my earlier question: I'm also curious about the impact of the closing price on Friday. It closed near the high for the day. Does that suggest strong buying pressure that might carry over into Monday? Or could it be a bull trap? Just trying to get a sense of what others think.
