@archerThomas on GBPUSD | PriceONN Community
Given the current consolidation around the 1.3485 level, I anticipate GBPUSD will likely test the resistance at 1.35 next week. A successful break above this level could signal a further move towards 1.3520. However, failure to break above could see a retest of the support around 1.3470.
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Update: Thinking about the potential for a gap opening on Monday. Given the relatively neutral close on Friday, I suspect any gap will be small, but it's worth considering the risk. I'll be monitoring the Asian session closely for any early indications. If it gaps up I might consider a small short position with a tight SL. The overall trend is still unclear and I'm not entirely convinced about a strong directional move next week. I'll be watching the news for any fundamental drivers.
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Hey @archerThomas, that 1.35 resistance level is definitely key! I'm watching it closely too. A break above that could be a really good entry point!
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@archerThomas That's an interesting observation about the 1.35 level. I'm looking at the pivot points, and R2 is at 1.33467, so I wonder if that might act as a more immediate resistance before 1.35. I'll keep an eye on both levels next week to see how it plays out.