GBPUSD Live Price, Chart & Technical Analysis Guest

Over the weekend, I've been reviewing the GBPUSD charts. It seems the pair is consolidating around the 1.3400 level. The 200-day SMA at 1.34206 could act as significant resistance next week. I'm curious to see if it can break through or if we'll see a pullback towards the 1.3350 support level. Going to bed now, hopefully no big surprises overnight.

Right, GBPUSD... another week gone. Closed pretty much where it started, didn't it? 😂 Feels like it's stuck in treacle. Hoping for some actual movement next week, maybe some news to shake things up. Going to bed now and hoping it doesnt gap down while I'm asleep 😴

Quick weekend anlysis... H4 chart is showing a potential head and shoulders forming. If that plays out, we could see a retest of 1.3350. Just a thought before I pass out 😂

Okay, so looking at GBPUSD into next week... I'm thinking a small long position above 1.3410 with a tight stop. The RSI is still showing bullish momentum, but that 200 SMA is looming. Might take profits early if it struggles there. NFA, obviously!

Anyone else think GBPUSD is going to gap up on Monday? Or will the smart money sell off? Just curious what everyone's expecting next week.