The GBP / USD parity lost about 2 cents from the cycle climbs near 1.3270 Thursday to the bottom of 1.3020 on Friday’s US Non-Farm Employment report.
The sharp withdrawal seems to have also found bottom buyers in 1.3020, supported by the 1.3000 level near the Fibo back-track of the June-August rally.
The UK industrial / manufacturing output and NIESR Gross Domestic Product (GDP) estimates are expected, while the Brexit headlines and US dynamics remain the guide for the week’s movements of the parity.
In addition, according to the recently announced weekly US Commodity Futures Commission (CFTC) report, on August 1, speculative GBP short positions shortened to 5-week peak levels.
The GBP / USD pair is currently trading at 1.3055 with a gain of 0.09%.
Significant technical levels for GBP / USD
The resistance levels of 1.3122 (10-day SMA), 1.3166 (August 4 peak) and 1.3266 (August 3 peak 2017), 1.3021 (August 4 bottom), 1.3007 (38.2% Fibo 1.2587-1.3266) and 1.2930 For example.