There are nine sets of data being released this week, which might cause an impact on currency valuations. Five of the nine are US employment datasets.
The week's notable publications will start on Wednesday at 13:15 GMT, as the ADP Non-Farm Employment Change is set to be published.
Also on Wednesday, at 13:30 GMT, the US Final GDP might cause minor USD moves.
On Thursday, at 13:30 GMT, minor US Dollar moves could occur due to the publication of the weekly US Unemployment Claims.
The top event of the week will occur on Friday, as at 13:30 GMT the US Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate are set to be published.
The week's events are scheduled to end at 15:00 GMT with the publication of the US Institute for Supply Management Manufacturing Purchasing Managers Index survey results.
Click on the link below to find out more about data releases of this and other currency exchange rates.
GBP/USD short-term review
If the Pound continues to depreciate in value against the US Dollar, the rate would eventually reach the March low level at 1.3000. However, a decline might find support in the 1.3060, 1.3050 and 1.3040 levels. In addition, note the weekly S2 simple pivot point at the 1.3020 mark.Meanwhile, a potential recovery of the currency would face resistance at 1.3100, before recovering to the 1.3110/1.3130 zone.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the GBP/USD has passed below the support zone below the 1.3200 mark. The pair could soon book new low levels.Daily chart
Read More: Technical Analysis
Traders are long
Since Thursday, traders were long, as 64% of trader open position volume on the Swiss Foreign Exchange was in long positions.
Meanwhile, on Monday, in the 100-pip range around the rate the pending orders were 72% to buy the GBP against USD.
Since Thursday, traders were long, as 64% of trader open position volume on the Swiss Foreign Exchange was in long positions.
Meanwhile, on Monday, in the 100-pip range around the rate the pending orders were 72% to buy the GBP against USD.