FX.co ★ dusty24 | GBP/USD

Market analysis for GbpUsd pair with Bollinger Bands Indicator on August 1, 2026 The Pound Sterling is still above the US dollar, which weakened again with a bearish move in Friday’s trading on the GbpUsd pair. Sellers briefly failed to maintain their advantage to the downside because price was strongly held above the buyers’ support area at 1.3045-1.3406, which was solidly defended by buyers and caused price control to be completely in the hands of the buyers, pushing price sharply higher in a strong bullish move driven by buyer pressure.

Monitored using the Bollinger Bands indicator on the Daily timeframe, it can be seen that the price or candlestick of the GbpUsd pair has been successfully controlled by buyers, who managed to maintain their advantage by continuing to enter with larger volume and pushing price to move higher bullish, keeping the candlesticks above the Middle Bollinger Band at 1.3389. This is again supported by the dominance of fairly strong bullish candlesticks, indicating that the GbpUsd pair has the potential to strengthen further to the upside in Monday’s trading. Buyers will continue to defend their current advantage by pushing price higher bullish towards the Upper Bollinger Band area at 1.3517. If the Upper Bollinger Band area can be strongly broken out, then price will soar even higher with the next target heading towards the nearest seller Supply resistance area. In Monday’s trading next week, it is also possible that the GbpUsd pair will be taken over by sellers entering with larger volume, starting to pressure a price correction so that GbpUsd could reverse from bullish to bearish, with sellers’ sell targets heading to the nearest support area at 1.3420-1.3419. However, if buyers are able to contain the bearish move at this nearest support, then buyers will push price up bullish, targeting the nearest seller resistance area at 1.3510-1.3511. Buy options will still continue to dominate trading, so the focus is on looking for buy entry areas by placing pending orders as follows: A sell entry is taken if sellers manage to break below the nearest buyer support area at 1.3420-1.3419, with the TP target area at 1.3365-1.3364. A buy entry can be taken if buyers manage to break above the nearest seller resistance area at 1.3510-1.3511, with the TP target area at 1.3544-1.3545.