GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.11% | 15.0 Pips | ▲ |
| Week to-date | 0.11% | 15.0 Pips | ▲ |
| June | -1.58% | -212.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from GBPUSD today?
The GBPUSD pair is showing a slight bullish inclination today, closing with a 0.11% gain at 1.32470. Despite being below the 9-day EMA, the rising stochastic in the oversold zone suggests potential upward momentum.
📈 Bull Scenario If the bullish sentiment continues, a break above the daily high of 1.32730 could trigger further gains. Traders should watch for resistance at R1, 1.3288, and a more significant move could target R2 at 1.3329. | 📉 Bear Scenario Conversely, if the pair fails to maintain its upward trajectory, a decline below the daily pivot of 1.3232 might signal bearish pressure. In this scenario, support levels to monitor are S1 at 1.3191, with further downside potential toward S2 at 1.3135. |
Key levels to watch out:
| R3 | 1.3385 |
| R2 | 1.3329 |
| R1 | 1.3288 |
| Daily Pivot | 1.3232 |
| S1 | 1.3191 |
| S2 | 1.3135 |
| S3 | 1.3094 |