GBPUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.28% | 38.0 Pips | ▲ |
| Week to-date | 0.28% | 37.0 Pips | ▲ |
| June | -0.62% | -83.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Thu 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
What can we expect from GBPUSD today?
The GBPUSD pair closed with a modest gain of 0.28% on Tuesday, ending the session at 1.33760. The daily outlook remains bullish, although the price is currently below the 9-day EMA, and the stochastic indicator is falling.
📈 Bull Scenario A bullish scenario for GBPUSD could unfold if the pair manages to break above the daily high of 1.34100. Traders should watch for a move towards the first resistance level (R1) at 1.34153, with further bullish momentum potentially targeting the second resistance level (R2) at 1.34547. | 📉 Bear Scenario Conversely, a bearish scenario might develop if GBPUSD falls below the daily pivot point of 1.33707. A decline could see the pair testing the first support level (S1) at 1.33313, with additional downward pressure possibly driving the price towards the second support level (S2) at 1.32867. |
Key levels to watch out:
| R3 | 1.34993 |
| R2 | 1.34547 |
| R1 | 1.34153 |
| Daily Pivot | 1.33707 |
| S1 | 1.33313 |
| S2 | 1.32867 |
| S3 | 1.32473 |