GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.04% | 6.0 Pips | ▲ |
| Week to-date | 0.5% | 67.0 Pips | ▲ |
| June | -0.39% | -53.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 02:00 PM | GBP | HIGH | Core CPI Inflation Rate (12-mth) |
| Wed 08:30 PM | USD | HIGH | Monthly Retail Trade (1-mth) |
| Thu 02:00 AM | USD | HIGH | Fed Interest Rate Decision (Federal Funds Rate) |
What can we expect from GBPUSD today?
The GBPUSD pair is experiencing a mixed outlook today, with a slight daily performance increase of 0.04%, closing at 1.34120. Traders are watching for potential movements as the pair remains above the 9-day EMA, while the stochastic indicator is falling.
If GBPUSD gains upward momentum, a bull scenario could be triggered by a sustained move above the daily pivot of 1.3423. In this case, traders should watch for resistance levels at R1 (1.345) and potentially R2 (1.3488) if the upward trend continues.
Conversely, a bear scenario might unfold if the pair falls below the daily pivot and moves towards the support levels. Key support levels to monitor are S1 (1.3385) and S2 (1.3358), which could be tested if selling pressure increases.
📈 Bull Scenario Watch resistance levels R1 and R2 for bullish continuation. | 📉 Bear Scenario Watch support levels S1 and S2 for bearish breakdown. |
Key levels to watch out:
| R3 | 1.3515 |
| R2 | 1.3488 |
| R1 | 1.345 |
| Daily Pivot | 1.3423 |
| S1 | 1.3385 |
| S2 | 1.3358 |
| S3 | 1.332 |