Economic Calendar
Volatility should be expected, considering further dollar weakness may persist.
GBP/USD hourly chart analysis
The FX pair has shown short-term bullish momentum, pushing the price toward the 1.36000 level. This suggests buyers are currently in control.
If the bullish trend loses strength, a pullback may occur, with the 1.3380 support level likely to be tested. How the price reacts at this level could signal whether the trend continues or starts to reverse.
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
Continuing previous week trends majority of traders expect a bearishness of the FX pair, driven by weak economic data or improving market conditions.