GBPUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.25% | -34.0 Pips | ▼ |
| Week to-date | 0.16% | 21.0 Pips | ▲ |
| September | -0.04% | -5.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (12-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (12-mth) |
| Fri 10:00 PM | USD | HIGH | Index of Consumer Sentiment |
What can we expect from GBPUSD today?
Today, the GBPUSD pair is showing a bearish daily outlook with a slight decline of 0.25% from the previous session, closing at 1.35080. The pair remains above the 9-day EMA, but with a falling stochastic indicator, traders should be cautious of potential volatility.
If the GBPUSD pair finds support and begins to rally, a break above the daily pivot at 1.3519 could trigger a bullish scenario. Traders should watch for further upward momentum towards the first resistance level (R1) at 1.3549, with an extended target at the second resistance level (R2) of 1.3590.
Conversely, if the bearish momentum continues, a drop below the first support level (S1) at 1.3478 could signal further declines. In this scenario, the pair might test the second support level (S2) at 1.3448, which could provide a stronger floor for the currency pair.
📈 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 | 1.362 |
| R2 | 1.359 |
| R1 | 1.3549 |
| Daily Pivot | 1.3519 |
| S1 | 1.3478 |
| S2 | 1.3448 |
| S3 | 1.3407 |