- GBP / USD Sunday forecast suggests further fall.
- The American economy increased by 3.0%, compared to a forecast of 2.5%.
- The dollar withdrew on Friday after the data revealed the growth of work work more slowly than expected in July.
GBP / USD Sunday forecast suggests further flakes because market participants are prepared to reduce Rate in England.
UPS and Padua GBP / USD
The GBP / USD price had a bear week until the dollar strengthened data on the uphill and greater tariffs. However, there was a withdrawal after the report on the Nefarm of Payrolls.
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At the beginning of the week, the data revealed a solid private employment. At the same time, the economy increased by 3.0%, compared to a forecast of 2.5%. The data has amplified the dollar. Moreover, Trump has imposed larger tariffs in several countries, which sent vault and dollar returns.
However, the dollar retired on Friday after the data revealed the slower growth of working growth and expected from July.
Key events next week for GBP / USD
The next weekly calendar for GBP / USD is quite light. Participants in the market will focus on the English Policy Meeting of England, where the Central Bank could reduce interest rates 25-BPS. In July, the pound had a bad month as merchants concerned about the state of economics in the UK.
Despite being among the first countries to sign trade with the US, the United Kingdom suffered from poor economic data. Weak reports have led to an increase in expectations to reduce England bank speed.
GBP / USD Sunday technical forecast: Lower low confirms a new trend
On the technical page, GBP / USD price trades significantly below the 22nd, which shows the bears are in lead. At the same time, RSI trades below 50 years, indicating a solid bear momentum. At the same time, the price recently broke below the support level for 1,3402 to form lower low. This is confirmed by the bear trend.
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Earlier, the price was in a bical trend that paused near Level 1,3803. The bears took over by breaking below 22-SMA and respecting it as resistance. Bear bias is strong, especially because the price confirmed the new trend.
Currently, the price paused after it made a lower low. Maybe it would be shaft to reset recently broken level 1,3402 before leaving a fresh sequence. The next goal for GBP / USD is at the support level of 1,3001. The lower vacation will strengthen the bear bias.
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