FX.co ★ GBP/USD

During the past week, the price of the trading pair GBP/USD demonstrated significant volatility, but ultimately traded within the boundaries of a narrowing triangle. From a low of 1.3210, the price managed to rise to 1.3460, with the week closing in the middle of this range. I expect further sideways movement for some time, followed by a likely impulsive move beyond the mentioned corridor. The upcoming week is notable for the monthly candle close and the end of another trading quarter, therefore I anticipate good volatility and directional movement towards either the upside towards the 1.3700 level or downwards towards 1.3100.