{"id":103296,"date":"2020-08-13T15:36:05","date_gmt":"2020-08-13T14:36:05","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103296"},"modified":"2020-08-13T15:38:07","modified_gmt":"2020-08-13T14:38:07","slug":"103886-gbp-usd-bulls-target-above-1-3100","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103886-gbp-usd-bulls-target-above-1-3100\/","title":{"rendered":"GBP\/USD Bulls Target Above 1.3100"},"content":{"rendered":"<ul>\n<li>GBP\/USD up, after the weak trading yesterday.<\/li>\n<li>US dollar is in a heavily offered tone.<\/li>\n<li>Technicals have to align before placing aggressive directional bets in the pair.<\/li>\n<\/ul>\n<p>The GBP\/USD bulls are trying to push the pair above the technically significant 1.3100 levels.<\/p>\n<p>The Cable had witnessed good selling in the earlier two days of trading. Still, it showed strength today to recover from the psychologically valid 1.3000; also the recent week-plus lows, set yesterday.<\/p>\n<p>The weakness in dollar triggered the bounce back in the pound-dollar pair, as a result of the stimulus impasse in Washington.<\/p>\n<p>The fall in yield in the US Treasury bonds, after a record 38 billion dollar issue, also dragged the greenback.<\/p>\n<p>The risk-on mood from the news of a potential vaccine against the coronavirus, exemplified by the equity rally, helped the pound to gain at the expense of the dollar.<\/p>\n<p>The run-up in the pair lacked any other fundamental catalysts other than the dollar weakness, and thus has the risk of fading fast. The US policymakers are expected to reach a deal sometime shortly, not if this week; this will put a cap on any further gains for the GBP\/USD.<\/p>\n<p>On a technical perspective, the pair has been oscillating in a broad trading range since the start of August. Hence, traders might wait to see further follow-through buying before involving aggressively on the long side. Also, a break below 1.3000 with strength is required for bears to act with conviction.<\/p>\n<p>The US session will have the US Initial Weekly Jobless Claim to watch out for meaningful trading opportunities in the pair.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD up, after the weak trading yesterday. US dollar is in a heavily offered tone. Technicals have to align before placing aggressive directional bets in the pair. The GBP\/USD bulls are trying to push the pair above the technically significant 1.3100 levels. The Cable had witnessed good selling in the earlier two days of trading. [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":47083,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1888,3118,1397],"class_list":{"0":"post-103296","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-gbp-usd","10":"tag-jobless-claim","11":"tag-us-dollar"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GBP\/USD Bulls Target Above 1.3100 - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103886-gbp-usd-bulls-target-above-1-3100\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"GBP\\\/USD Bulls Target Above 1.3100\",\"datePublished\":\"2020-08-13T14:36:05+00:00\",\"dateModified\":\"2020-08-13T14:38:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/\"},\"wordCount\":269,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/gbp-usd-weekly-roundup.jpg\",\"keywords\":[\"gbp\\\/usd\",\"Jobless Claim\",\"us dollar\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103886-gbp-usd-bulls-target-above-1-3100\\\/\",\"name\":\"GBP\\\/USD Bulls Target Above 1.3100 - 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