GBPUSD closed the week pretty bullish imo. Above the 20 and 50 SMAs on the daily. RSI still has room to run too. I'm thinking we might see it test that 1.34206 (200 SMA) resistance next week. Could be a good opportunity to short if it rejects that level.
Update: Just had a look at the weekly chart, and it's not quite as bullish as I initially thought. We're still below the 200 SMA on the weekly, so that's a pretty significant resistance. Plus, the last couple of weeks have been pretty choppy. Maybe a fakeout above 1.34206 before a bigger drop? I'll be watching closely for any bearish signals early in the week. Might even set an alert around 1.3415 just in case. Need to be cautious here.
