Economic Calendar
Moderate levels of volatility should be expected considering impact of the fundamental data coming from the United States.
GBP/USD hourly chart analysis
In the short term, sideways trading may persist as the market consolidates within a defined range between 1.33540 and 1.32590. This range-bound behavior suggests a temporary balance between buyers and sellers, with neither side gaining enough momentum to trigger a decisive breakout. Traders may look for confirmation signals such as a break above 1.33540 for potential bullish continuation, or a drop below 1.32590 to indicate renewed bearish pressure.
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.