FX.co ★ GBP/USD

GBPUSD H1 TF on Friday evening, by the end of the session, the pair did show some decline, which I had been expecting since Wednesday evening after the FOMC minutes. On the Middle East today, Washington conveyed its demand to Tehran through intermediaries and directly. If Iran does not make a statement on Saturday, it faces "serious consequences." We'll see if there is a new round of escalation. The 1.3460 level is our reference point; it seems we bounced off it, and I expect a move down on Monday.