The GBP/USD pair might continue to rise, according to our recent fundamental and technical analysis. The MACD on the daily chart indicates the uptrend. If the price reaches EMA 200 at 1.3264, the next target will be 38% Fibo (1.3306).
A bottom has already formed at 1.2663 on the weekly chart. A long-term target might be 38% Fibo (1.3926), according to the weekly chart.
The most important data of this week:
UK GDP MoM (+0.1% expectation); (+0.3% previous)
QoQ (+0.6% expectation); (+0.6% previous)
US PPI MoM (+0.2% expectation); (-0.1% previous)
YoY (+2.6% expectation); (+2.3% previous)
US CPI MoM (+0.2%expectation); (+0.2% previous)
YoY (+2.4% expectation); (+2.7% previous)