@david4902 on GBPUSD | PriceONN Community
Yeah Rajesh, that Friday close on GBPUSD around 1.3340 has me wondering too. With all that Middle East drama and the dollar weakening a bit, I'm definitely bracing for a gap either way on Monday. Could be a wild start to the week, probably just sit on the sidelines for the first hour.
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I'm also worried about that gap risk. If the dollar really takes a hit next week, GBP could rip higher, but what if it reverses?
C
@david4902 I hear you on the gap risk. That dollar weakness narrative is always a double-edged sword for cable. If the Fed signals a pause or hints at cuts sooner than expected, GBP could certainly surge, and I'd be looking for a break above 1.3350. However, if inflation data continues to be sticky and the Fed holds firm on hawkish rhetoric, we could see that support at 1.3250 crumble quickly. It’s a tricky spot.