GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.2921% | 39.0 Pips | ▲ |
| Week to-date | 0.2921% | 39.0 Pips | ▲ |
| July | 0.9804% | 130.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 02:00 AM | USD | HIGH | FOMC Meeting Minutes |
What can we expect from GBPUSD today?
The GBPUSD pair closed Monday with a 0.2921% gain, ending the session at 1.33900. The daily outlook remains bullish, supported by the price trading above the 9-day EMA.
📈 Bull Scenario A continuation of the bullish momentum could see GBPUSD testing the first resistance level at 1.34164. If the pair manages to break through this level, the next target would be the second resistance at 1.34427. The positive weekly outlook further supports the potential for upward movement. | 📉 Bear Scenario On the downside, a reversal could occur if the price falls below the daily pivot point of 1.33707. In this scenario, the first support level to watch is 1.33444, with further declines potentially targeting the second support at 1.32987. Traders should monitor these levels closely for any signs of bearish pressure. |
Key levels to watch out:
| R3 | 1.34884 |
| R2 | 1.34427 |
| R1 | 1.34164 |
| Daily Pivot | 1.33707 |
| S1 | 1.33444 |
| S2 | 1.32987 |
| S3 | 1.32724 |