Economic Calendar
Volatility may persist from the previous week, with upcoming retail sales data potentially adding further movement to the pair.
GBP/USD hourly chart analysis
Near-term volatility could create a trading range of 1.33000 to 1.34400, offering potential trading opportunities.
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
Majority of traders expect a bearishness of the FX pair, driven by weak economic data or improving market conditions.