FX.co ★ GBP/USD

GBPUSD H4 TF my forecast after Friday’s stats, particularly on the dollar, is definitely to the upside. The fact that they couldn’t properly work off the disastrous US labor market report is only due to traders’ caution before the weekend. The Iran deal hyped by Trump as early as Tuesday was never actually announced, and players held back the dollar, they didn’t start selling it off before the weekend. And technically, with the triangle breakout at 1.3470, the path is now clear up to 1.3560.