Market situation forecast for the GBPUSD pair. Let's consider what we should expect today. At the moment, the situation is not as clear-cut as I would have liked. However, today I have finally decided that the priority is downward movement towards the nearest support level at 1.3278. I do not rule out a possible correction to the closest first resistance level, followed by a move downwards. If buyers are more active today, then there will be no talk of heading south, and we will have to adjust to the current situation. Let's not forget that there is also news today, and our task is to check if they can indirectly influence the currency pair: For the British pound, there are just a couple of medium news items today: Speech by the Deputy Governor of the Bank of England Woods, Speech by the Deputy Head of the Bank of England Ramsden. For the US dollar, there are many different news items, but traditionally I will highlight only the most important ones: Trade Balance (Mar), Retail Inventories Excluding Autos (Mar), CB Consumer Confidence Index (Apr), Job Openings and Labor Turnover Survey (JOLTS) (Mar). At the moment, the calendar shows various events, including those marked with three stars, indicating high market volatility. However, technical and chart analyses will remain a priority, and a three-star event may only add to the volatility.
