GBPUSD - What's Next for this Pair?

Inflation talk and speculation about continued rate hikes helped to strengthen the dollar this week. However, traders will keep a close eye on the PCE inflation figures next week for signs of an early recession. Core Durable Goods and GDP are expected to print slowing figures next week according to forecasts. Core PCE next Friday is also expected to come in less than the previous month which could also contribute to the idea of inflation resistance.

Let's see how Cable closes out for the day. If we close above the charted trendline, expect a potential bullish rebound in the days ahead.