GBPUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.04% | 5.0 Pips | ▲ |
| Week to-date | 0.12% | 16.0 Pips | ▲ |
| September | -0.07% | -10.0 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) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) | Aug |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (12-mth) | Aug |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) | Aug |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (12-mth) | Aug |
| Fri 10:00 PM | USD | HIGH | Index of Consumer Sentiment | Sep flash |
What can we expect from GBPUSD today?
The GBPUSD pair closed with a slight gain of 0.04% on Tuesday, ending the day at 1.35420. With a mixed daily outlook and price trading below the 9-day EMA, the pair’s direction remains uncertain for Wednesday.
📈 Bull Scenario If GBPUSD manages to break above the daily pivot level of 1.35453, it could test the first resistance level at 1.35637. A sustained move beyond this point may target the second resistance at 1.35853, suggesting bullish momentum. | 📉 Bear Scenario Conversely, a drop below the daily pivot could see GBPUSD testing the first support level at 1.35237. Further bearish pressure might drive the pair towards the second support at 1.35053, especially with the stochastic indicator showing a downward trend. |
Key levels to watch out:
| R3 | 1.36037 |
| R2 | 1.35853 |
| R1 | 1.35637 |
| Daily Pivot | 1.35453 |
| S1 | 1.35237 |
| S2 | 1.35053 |
| S3 | 1.34837 |