FX.co ★ GBP/USD

On Friday, the GBP/USD price formed a bullish engulfing pattern against the backdrop of the market’s reaction to U.S. unemployment data. The close was near the round resistance level of 1.3500, which failed to be broken. But if at the start of the upcoming trading week this bullish pattern can be activated and 1.3525 is broken, there is every chance of getting a new wave of growth further towards 1.3550 and 1.3640. If buyers fail to implement this scenario, then I expect a decline down towards the sloping support area around 1.3360. There it will be possible to look for buying opportunities. We are waiting for Wednesday and the release of inflation data.