GBPUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.22% | -30.0 Pips | ▼ |
| Week to-date | -0.92% | -125.0 Pips | ▼ |
| September | -1.14% | -154.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from GBPUSD today?
The GBPUSD pair is experiencing a mixed outlook today, with a slight decline of 0.22% in its daily performance. The pair closed at 1.33630, remaining below the 9-day EMA, and is currently in the oversold zone according to the Stochastic indicator.
If the GBPUSD manages to break above the daily pivot point of 1.3375, it could trigger a bullish scenario. Traders should watch for resistance levels at R1 (1.3388) and R2 (1.3413) as potential targets. A sustained move above these levels may indicate a shift in momentum towards the upside.
Conversely, a bearish scenario could unfold if the pair falls below the first support level at S1 (1.335). Further downside pressure might lead to a test of the second support level at S2 (1.3337). Given the weekly bearish outlook and the pair’s position below the 9-day EMA, the downside risk remains a significant factor to consider.
📈 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 | 1.3426 |
| R2 | 1.3413 |
| R1 | 1.3388 |
| Daily Pivot | 1.3375 |
| S1 | 1.335 |
| S2 | 1.3337 |
| S3 | 1.3312 |