This week, the rate is expected to move due to the publication of the JOLTS Job Openings on Tuesday at 14:00 GMT.
On Wednesday, the US ISM Services PMI is likely going to cause USD moves. The Monday's Manufacturing PMI caused a broad decline of the US Dollar.
Above all, on Friday, the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate are set to move the markets.
GBP/USD short-term view
However, this round exchange rate level has not impacted the pair during its late September decline. Instead, watch the 1.1350 and 1.1450 levels, which acted as resistance and support during the second part of the month.On the other hand, a decline of the rate is set to look for support in the 50-hour SMA and the 1.1150 level, Further below, note the 1.1100 and 1.1050 levels, which are expected to be strengthened by the 100 and 200-hour simple moving average.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the surge could encounter resistance in the 2020 March low level at 1.1415.Daily chart
Read More: Technical Analysis
Traders are almost neutral
On Monday, traders were slightly bullish, as 53% of trader open position volume on the Swiss Foreign Exchange was in long positions.
In the meantime, pending orders in a 100-base point range around the pair were 58% to sell the GBP/USD.
On Thursday, the positions were 60% long and pending orders were 52% to sell. By the middle of Friday, traders were 58% long and orders were 55% to buy.
On Monday, traders were slightly bullish, as 53% of trader open position volume on the Swiss Foreign Exchange was in long positions.
In the meantime, pending orders in a 100-base point range around the pair were 58% to sell the GBP/USD.
On Thursday, the positions were 60% long and pending orders were 52% to sell. By the middle of Friday, traders were 58% long and orders were 55% to buy.