On Tuesday, the US ISM Services Purchasing Managers Index survey results are expected to impact the value of the US Dollar and all pairs that include the USD.
During the week, almost all attention will be paid to the US Federal Reserve Federal Open Market Committee Meeting Minutes on Wednesday at 19:00 GMT.
The meeting minutes are a protocol of the central bank's committee, which decides US and, subsequently, global monetary policy. The document is set to reveal, what the committee talked about and detailed information about their future plans.
On Thursday, a minor USD move might be created by the publication of the weekly US Unemployment Claims data at 13:30 GMT.
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 pair continues to decline, support might be found in the 1.3100 mark and the weekly S1 simple pivot point at 1.3097. Further below, take into account the support zone at 1.3053/1.3070.Meanwhile, a surge would have to pass the 100-hour simple moving average at 1.3120, the 50-hour SMA at 1.3140 and the 200-hour SMA at 1.3160, before approaching the weekly simple pivot point at 1.3198 and the 1.3200 mark.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the GBP/USD has passed below the support zone at 1.3160/1.3210. Meanwhile, note the March low level at 1.3000.Daily chart
Read More: Technical Analysis
Long sentiment decreases
Since Tuesday, traders were long, as 63% of trader open position volume on the Swiss Foreign Exchange was in long positions.
On Friday, the open positions were 60% long. Meanwhile, in the 100-pip range around the rate the pending orders were 53% to buy the GBP against USD.
The orders were 63% to sell on Thursday.
Since Tuesday, traders were long, as 63% of trader open position volume on the Swiss Foreign Exchange was in long positions.
On Friday, the open positions were 60% long. Meanwhile, in the 100-pip range around the rate the pending orders were 53% to buy the GBP against USD.
The orders were 63% to sell on Thursday.