Economic Calendar
Volatility should be anticipated considering fundamental news from UK and U.S should bring directional base for the FX pair.
GBP/USD hourly chart analysis
In the shorter time frame, the price appears bullish and could reach the resistance level at 1.38500, supported by trading above the simple moving averages. This suggests buyers are in control, and momentum may continue if the price holds above these key averages. A break above 1.38500 could open the door for further gains, while staying above the SMAs would reinforce the upward bias. Keep an eye on volume and any reversal signals near resistance.
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.