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Did a little weekend chart deep dive on GBPUSD. Looks like the bulls are trying to hold above that 1.34 level, but the 200 SMA is looming above. If it breaks that, might see a good run next week. Just gotta be cautious of any surprise news over the weekend.
I concur with @james8724 regarding the 200 SMA acting as a significant resistance point. A decisive break above that level could indeed signal a strong bullish run for GBPUSD next week. However, it is crucial to remain vigilant regarding potential fundamental catalysts that could disrupt the technical outlook. I will be monitoring news releases closely over the weekend to assess potential risks.
