GBP/USD | Now what? GBP/USDOANDA:GBPUSDAmirAliTradingBy examining the 4H chart of GBPUSD we can see that it opened this week with a rather big gap and then it went up, reaching 1.3509, before dropping back down with today's open, now being traded at 1.3467. I expect Cable to drop further below in order to close the NWOG, meaning that I expect GBPUSD to drop all the way down to the 1.3431 level, and then bounce back up from there, going towards higher targets. However, we should take war-related news into account, as if the war escalates, GBPUSD will drop further and the USD strengthens. If GBPUSD manages to stay above the April 13th NWOG High and bounce back up from there, it could go towards the 1.3500 resistance level to retest it.