GBPUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.76% | -102.0 Pips | ▼ |
| Week to-date | -0.4% | -54.0 Pips | ▼ |
| September | -1.54% | -208.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from GBPUSD today?
GBPUSD is showing a bearish daily outlook after closing at 1.32370, down 0.76% from the previous session. The pair’s performance for the week is also negative, with a 0.4% decline so far.
📈 Bull Scenario A bullish scenario could emerge if GBPUSD manages to break above the daily pivot point of 1.32683. Further upward momentum might target the first resistance level at 1.33167, with a potential extension towards the second resistance at 1.33963 if buying pressure increases. | 📉 Bear Scenario The bearish trend may continue if GBPUSD falls below the first support level at 1.31887. A sustained move lower could see the pair testing the second support at 1.31403, especially with the price trading below the 9-day EMA and the stochastic indicator falling. |
Key levels to watch out:
| R3 | 1.34447 |
| R2 | 1.33963 |
| R1 | 1.33167 |
| Daily Pivot | 1.32683 |
| S1 | 1.31887 |
| S2 | 1.31403 |
| S3 | 1.30607 |