GBPUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.25% | 34.0 Pips | ▲ |
| Week to-date | 0.26% | 35.0 Pips | ▲ |
| July | 0.95% | 126.0 Pips | ▲ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from GBPUSD today?
The GBPUSD pair closed with a 0.25% gain on Tuesday, ending at 1.33860, with a mixed daily outlook. The pair is trading above its 9-day EMA, indicating a potential bullish bias, although the stochastic indicator is in the overbought zone.
If the GBPUSD continues to rise, a break above the daily high of 1.34100 could trigger further bullish momentum. Traders should watch for resistance at R1, 1.34243, and potentially R2, 1.34627, as key levels where the pair might face selling pressure.
On the downside, a move below the daily pivot of 1.33717 could signal bearish activity. Support levels to monitor include S1 at 1.33333 and S2 at 1.32807, where the pair might find buying interest if the price declines.
📈 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 | 1.35153 |
| R2 | 1.34627 |
| R1 | 1.34243 |
| Daily Pivot | 1.33717 |
| S1 | 1.33333 |
| S2 | 1.32807 |
| S3 | 1.32423 |