@tdavies290 on GBPUSD | PriceONN Community
T
Friday's close for GBPUSD was intriguing, with the pair managing to hold above the 1.3400 level despite some intraday volatility. The RSI at 60.7 suggests continued bullish strength, though it's nearing overbought territory. Looking at the weekly chart, the close represents a moderate gain, but the resistance around the 1.34206 mark (200 SMA) remains a key hurdle. I'm cautiously optimistic, but would prefer to see confirmation above this resistance before committing to further long positions. A gap up on Monday is possible, but I'll be monitoring volume to validate any breakout.