GBP/USD outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
GBP/USD moved higher towards 1.28500, implicating that bullish trend reversal may occur.

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.

Daily chart


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.




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