- The dollar gains momentum in the market and marks maximums on all fronts.
- GBP / USD with a bearish outlook, as long as it remains below 1.3920.
The GBP / USD broke below 1.3835 and fell to 1.3814, hitting the lowest level in a week.. It is with a bearish tone before a generalized strengthening of the dollar in the market.
The price starts to look closely at 1.3800 and also at the recent lows at 1.3785. This downward tone is expected to remain intact as long as it remains below 1.3920. A rally above 1.3880 would ease downward pressures.
The decline in GBP / USD occurs in a context of a general rise in the dollar in the market. End-of-the-month flows may be playing an important role in this dollar rally, which occurs in the face of stability in the bond market and with stocks rising modestly.
The economic calendar looks light on Tuesday, with relevant data from the US on home prices and consumer confidence. The June US employment data round will begin on Wednesday and on Friday it will be the turn of non-farm payrolls.
Technical levels
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