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
At mid-day on Tuesday, the pair was testing the resistance of the 100 and 200-hour simple moving averages near the 1.3160/1.3170 levels. In the meantime, support was found in the 50-hour simple moving average at 1.3130.If the pair reaches above the 1.3160/1.3170 zone, the rate might reach for the 1.3200 mark and the weekly simple pivot point at 1.3198. On the other hand, a decline is expected to look for support at 1.3100 and the weekly S1 simple pivot point at 1.3097, before reaching the 1.3060 level.
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
Traders are long
On Tuesday, traders were long, as 63% of trader open position volume on the Swiss Foreign Exchange was in long positions.
Meanwhile, in the 100-pip range around the rate the pending orders were 56% to sell the GBP against USD.
The orders were 76% to buy on Monday.
On Tuesday, traders were long, as 63% of trader open position volume on the Swiss Foreign Exchange was in long positions.
Meanwhile, in the 100-pip range around the rate the pending orders were 56% to sell the GBP against USD.
The orders were 76% to buy on Monday.