GBPUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.01% | -1.0 Pips | ▼ |
| Week to-date | 0.13% | 17.0 Pips | ▲ |
| September | -0.07% | -9.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) | Aug |
What can we expect from GBPUSD today?
The GBPUSD pair closed Monday with a marginal decline of 0.01%, ending the day at 1.35370. The daily outlook remains mixed as the pair trades below its 9-day EMA, with the stochastic indicator also showing a downward trend.
📈 Bull Scenario A bullish scenario for GBPUSD could be triggered if the pair manages to break above the daily pivot point at 1.35387. Should the upward momentum continue, traders will be watching the first resistance level at 1.35593, followed by the second resistance at 1.35817. | 📉 Bear Scenario On the downside, a bearish move could occur if GBPUSD falls below the first support level at 1.35163. Further selling pressure might push the pair towards the second support level at 1.34957, especially if the current downward trend in the stochastic indicator persists. |
Key levels to watch out:
| R3 | 1.36023 |
| R2 | 1.35817 |
| R1 | 1.35593 |
| Daily Pivot | 1.35387 |
| S1 | 1.35163 |
| S2 | 1.34957 |
| S3 | 1.34733 |