GBP/USD remained volatile around 1.26282. Bank of England Governor Bailey will speak to lawmakers at the Treasury Select Committee (TSC) of the British Parliament on Wednesday; Bailey will talk about the Bank of England's MPR and FSR (respectively in August and July) published).
Pound Sterling USD GBPUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the low-level bullish momentum remains volatile and upward, short-term bullish sentiment emerges, the market bullish sentiment continues, the MACD indicator is weakly finishing below the 0 axis, and the RSI indicator is weakly hovering near the 50 balance line;
Resistance level: 1.26437 1.26608
Support level: 1.26051 1.25889
Trading strategy: Bullish above 1.26207, target 1.26437 1.26608
Alternative strategy: bearish below 1.26207, target 1.26051 1.25889