GBP/USD was flying high when the Dollar was driving-lower. The big question for next week is whether USD weakness can extend and if it can Cable is in position to shine. Among all the major FX pairs that I track, GBP/USD seemed to have one of the brighter backdrops earlier in the summer. The first test above the 1.3000 handle happened around the same time that RSI on the daily chart moved into overbought territory. The last time that either of those instances had taken place was a year prior, in July of 2023 when GBP/USD burst-above 1.3000 while RSI moved into overbought. That led into a prolonged sell-off that ran into October of that year. The GBP/USD pair is edging higher toward 1.3150, supported by an improving risk mood reflected by rising US stock indexes. The GBP/USD exchange Rate went into this weekend near the 1.31218 ratio, on Friday the high for the currency pair challenged the 1.31570 vicinity before reversing slightly lower. Trading in the GBP/USD last week was full of volatile reversals and since the last week of August the currency pair has proven difficult for traders looking to latch onto a trend and ride momentum. The GBP/USD has produced many reversals and its price realm between 1.30000 and 1.32000 has proven a rather fast playing ground.