Economic Calendar
Elevated levels of volatility may be anticipated due to fundamental news that will be presented from U.K. and U.S.
GBP/USD hourly chart analysis
Significant bearish pressure has emerged in the FX pair, following positive developments in the U.S.–China trade deal. The encouraging news has boosted global risk sentiment, prompting investors to shift away from safe-haven assets and into riskier markets. This shift in sentiment has weakened demand for the currency, contributing to the ongoing downtrend.
In the short term, if this bearish momentum continues, the FX pair may come under further selling pressure and test key psychological and technical support levels below 1.3000. A decisive move below this threshold could open the door for deeper declines, especially if market optimism around the trade deal persists and continues to influence investor positioning.
Hourly Chart
GBP/USD daily candle chart analysis
Long-term bullishness could move the FX pair towards the 1.38000 price level once the 1.34300 resistance is passed. If Bearishness would occur, there may be wide range of sideways price moves.