The currency pair resumed its growth last week and tested the resistance at 1,2961. GBP/USD stays below this level in the moment of writing.

The main growth catalysts were the US data, described in our EUR/USD review and Brexit news. EU has offered another delay for the Brexit. The next Brexit date is January 31, 2020.

WE expect the currency pair to develop its growth next week if it breaks out the resistance at 1,2961. In case of reversal signals, you can consider placing short orders aiming at 1,2551.