Economic Calendar
The FX pair could see higher levels of volatility, as both the U.K. and the U.S. are set to vital economical data that could impact the currency pair.
GBP/USD hourly chart analysis
The 1.29450 price resistance level may be tested, potentially pushing the price towards 1.31000 if the 1.29450 level is surpassed.
Hourly Chart
GBP/USD daily candle chart analysis
Long-term bullishness could move the FX pair towards the 1.30000 price level once the 1.28000 resistance is passed. If Bearishness would occur, there may be wide range of sideways price moves.Read More: Technical Analysis
Traders are short
Continuing previous week, majority of traders expect a bearishness of the FX pair, driven by weak economic data or improving market conditions.