GBPUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | 0.27% | 36.0 Pips | ▲ |
| Week to-date | -0.17% | -22.0 Pips | ▼ |
| September | -2.35% | -318.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from GBPUSD today?
GBPUSD saw a modest gain of 0.27% on Tuesday, closing at 1.32650. The daily outlook remains bullish, though the pair is currently trading below its 9-day EMA, with a falling stochastic indicator suggesting potential volatility.
If GBPUSD maintains its bullish momentum, a break above the daily high of 1.33110 (R1) could pave the way for further gains towards the next resistance level at 1.33570 (R2). A sustained move above these levels would reinforce the bullish outlook for the day.
Conversely, a bearish scenario could unfold if GBPUSD falls below the daily pivot of 1.32650, with further downside potential towards the first support level at 1.32190 (S1). Should the pair breach this support, the next target would be 1.31730 (S2), which could signal a deeper correction.
📈 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 | 1.3403 |
| R2 | 1.3357 |
| R1 | 1.3311 |
| Daily Pivot | 1.3265 |
| S1 | 1.3219 |
| S2 | 1.3173 |
| S3 | 1.3127 |