@brittany_a67 on GBPUSD | PriceONN Community

For the coming week, I anticipate GBPUSD to remain within a relatively tight range, influenced by the current economic climate. The 200 SMA at 1.3504 presents a significant resistance level, and I suspect any upward movement will be capped around that point. Conversely, support should be found near the S2 pivot at 1.34651. A breakout above or below these levels would necessitate a re-evaluation of my positions. I will be monitoring upcoming economic data releases closely. I'm leaning towards a short-term bearish sentiment, but I am prepared to adjust my outlook based on the data. I think that the market will show some volatility, especially at the beginning of the week.