Economic Calendar
Moderate volatility should be expected due to multiple data releases from the United States this week.
GBP/USD hourly chart analysis
The key resistance at 1.26890 should be considered important for further bullish momentum in the short term. If no significant bullish movement occurs, the support levels of 1.26000 and 1.25630 may be tested.
Hourly Chart
GBP/USD daily candle chart analysis
Longer term trend may be considered bullish. Bullishness has risen the price level from 1.21650 to current price. 1.30500 price level should be considered as a major resistance level.Read More: Technical Analysis
Traders are long
Majority of traders expect a bearishness of the FX pair, driven by weak economic data or improving market conditions.