Market Technical Analysis by RoboForex

[RBFX Support]

GBPUSD is neutral as the market awaits Bank of England data

The GBPUSD pair remains stable near 1.3700. The calm news background allows the market to wait for new signals. Discover more in our analysis for 4 February 2026.

GBPUSD technical analysis

On the GBPUSD H4 chart, after prolonged sideways movement in the first half of January, the pair entered a phase of sharp impulsive growth. The breakout above the upper boundary of the range was accompanied by an expansion of Bollinger Bands and accelerated upward movement, indicating buyer dominance.

The GBPUSD pair is rising modestly amid a quiet calendar and ahead of the upcoming Bank of England meeting.

Read more - GBPUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team