GBP / USD on Friday's trading session last weekend (18/05) decreased from the opening level of 1.3516, and closed at 1.3468 level. Since the Asian session until now, GBP / USD continues to decline, and most likely will be slightly stuck in the level of demand 1.3382 s / d 1.3300.

Most likely, the level of demand with the round number will be a solid defense, because it's been a week GBP continues to slip to nearly 1,000 pips.

Fundamental Side

Starting this week, the Dollar (USD) hit new highs as tensions and fears of a trade war between the US and China could be delayed.

The US Dollar Index rose 0.28% to 93.84.

The trade wars between the US and China can still be suspended because both want to cooperate on the new Trade Agreement. Steven Mnuchin, the US Treasury Secretary also said that the two countries that have been involved in a new tariff disputes dispute, are currently trying to resolve it with a new legal framework.

In addition, the greenback's rise was also supported by "Bond Yields" which rose to its highest level in seven years. The result rose to 3,076 after briefly rising to a high of 3,082 overnight.

The increase in yields, accompanied by positive economic data, as well as rising inflation, have boosted expectations of market players that the Fed will raise interest rates again, and tighten monetary policy.
Earlier, the Fed had raised interest rates in March, and is projected to do so twice again, with some investors still convinced that an increase in interest rates could happen up to three times.
Expectations on a higher interest rate increase tend to have a positive effect, so the Dollar becomes pulled back for storage.

Technical side

From the technical side, it can be seen that the last support level (1.3453), already terbreakout perfectly, and currently the price is at the round number level (1.3400). If the Round number is also not able to hold its speed, then we can be sure the price will drop further. However, if between 1.3400 and 1.3300 levels there is a greater demand for GBP, then the price may rise from this level.