GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.39% | -52.0 Pips | ▼ |
| Week to-date | -0.39% | -52.0 Pips | ▼ |
| August | -0.39% | -52.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from GBPUSD today?
GBPUSD closed at 1.34280 on Monday, marking a daily decline of 0.39%. The pair’s outlook remains mixed as it hovers around key technical levels.
📈 Bull Scenario A bullish scenario for GBPUSD could be triggered if the pair manages to break above the daily pivot of 1.34493. In this case, traders should watch for resistance at R1, 1.34847, and further gains could target R2 at 1.35413. The fact that the price is above the 9-day EMA supports a potential upward move. | 📉 Bear Scenario On the downside, a bearish scenario may unfold if GBPUSD falls below the support level at S1, 1.33927. Further selling pressure could then target S2 at 1.33573. The falling stochastic in the overbought zone suggests potential for further downside movement. |
Key levels to watch out:
| R3 | 1.35767 |
| R2 | 1.35413 |
| R1 | 1.34847 |
| Daily Pivot | 1.34493 |
| S1 | 1.33927 |
| S2 | 1.33573 |
| S3 | 1.33007 |