GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.19% | -25.0 Pips | ▼ |
| Week to-date | -0.19% | -25.0 Pips | ▼ |
| July | 1.27% | 168.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 02:00 PM | GBP | HIGH | Labour Force Survey Employment Change |
| Wed 02:00 PM | GBP | HIGH | Consumer Prices Index (CPI) (1-mth) |
What can we expect from GBPUSD today?
The GBPUSD pair closed at 1.34280 on Monday, marking a daily decline of 0.19%. The outlook for today remains mixed, with the pair trading above the 9-day EMA and a rising stochastic indicator suggesting potential volatility.
If bullish momentum builds, a break above the daily pivot of 1.34397 could lead to a test of the first resistance level at 1.34693. Further upward movement might target the second resistance level at 1.35107, especially if the rising stochastic supports continued buying interest.
Conversely, a bearish scenario could unfold if the pair falls below the daily low of 1.34100, potentially targeting the first support level at 1.33983. A sustained move lower might see the pair testing the second support level at 1.33687, particularly 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 | 1.35403 |
| R2 | 1.35107 |
| R1 | 1.34693 |
| Daily Pivot | 1.34397 |
| S1 | 1.33983 |
| S2 | 1.33687 |
| S3 | 1.33273 |