FX.co ★ GBP/USD

In a few minutes, data on the US Consumer Confidence Index for September and Job Openings and Labor Turnover Survey (JOLTS) for August will be published. An hour after that, US President Donald Trump will speak, which will undoubtedly impact the movement of quotes, specifically the GBP/USD pair in this case. From a technical perspective, during the current consolidation phase, the pair has reached a point where the ZigZag indicator has already marked another local minimum on the four-hour chart near the support at 1.3415. Therefore, from this standpoint, the continuation of the quote's growth for this currency pair looks definite, aiming to reach and test the upside breakout of the psychological level at 1.3500, as indicated in my screenshot. Currently, the GBP/USD pair is trading slightly above the support at 1.3440, which is above the 14-period moving average line. So, if the expected data does not provide sufficient support for the US dollar, we anticipate movement in the direction shown in the screenshot.