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 manages to surge against the US Dollar above the 1.3200 mark, the rate might encounter resistance at 1.3215/1.3225. Last week, this zone acted as resistance and stopped all moves above the 1.3200 level. Higher above, take into account the weekly R1 simple pivot point at 1.3275 and the resistance zone near 1.3300.On the other hand, a decline of the currency pair might look for support in the 200-hour simple moving average at 1.3168, the 100-hour SMA at 1.3143 and the 50-hour simple moving average near 1.3110. Below the moving averages the 1.3100 mark and the weekly S1 simple pivot point might stop a decline.
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
Since 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 63% to sell the GBP against USD.
Since 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 63% to sell the GBP against USD.