GBP/USD weekly forecast on August 3 — 7, 2020

Currency pair GBP/USD is trading at 1.3131. Quotes of the pair are trading below the moving average with a period of 55. This indicates the presence of a bullishtrend for the pair Pound/Dollar. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars.

GBP/USD weekly forecast on August 3 — 7, 2020

As part of the forecast, the Pound/Dollar pair is expected to test the level of 1.2950. Where can we expect an attempt to continue the growth of the GBP/USD pair and the further development of the upward trend. The purpose of this movement is the area near the level of 1.3580. The conservative buying area for the GBP/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.2350.

GBP/USD weekly forecast on August 3 — 7, 2020

Cancellation of the option to continue the growth of the Pound/Dollar pair will be a breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and the closing of quotations of the pair below the 1.2260 area. This will indicate a change in the current trend in favor of the bearish for GBP/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of growth.

GBP/USD weekly forecast on August 3 — 7, 2020 suggests a test level of 1.2950. Further, growth is expected to continue to the area above the level of 1.3580. The conservative area for buying Bitcoin is located area of ​​1.2350. The cancellation of the growth option for the GBP/USD pair will be the breakdown of the level of 1.2260. In this case, we should expect the fall to continue.


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