@archerAmelia on GBPUSD | PriceONN Community
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Next week, I anticipate GBPUSD will initially react strongly to the US/Israel news, potentially creating a significant gap. However, I expect the market to eventually revert to its mean. The key will be identifying the exhaustion point after the initial surge and positioning accordingly. The 1.35 level will be a key area of resistance. I'll be watching for shorting opportunities around that level if the initial spike occurs. Fundamentally, I'm still bearish on the pound given the BOE's dovish stance. I'll also be looking for divergence between price and RSI on the H4 chart to confirm any potential reversals.