Economic Calendar
Volatility may continue this due to dollar weakness.
GBP/USD hourly chart analysis
The FX pair has approached a key resistance level at 1.3600, signaling a potential area of price consolidation or reversal. Notably, the pair continues to trade above its simple moving averages (SMAs), which suggests underlying bullish momentum remains intact. The alignment of price action above these moving averages often indicates strong trend support and continued buying interest. However, the 1.3600 resistance level may present a critical test for the bulls— a decisive break above it could open the door for further upside toward higher resistance zones.
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.Read More: Technical Analysis
Traders are short
Continuing previous week trends majority of traders expect a bearishness of the FX pair, driven by weak economic data or improving market conditions.