GBPUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.5% | -66.0 Pips | ▼ |
| Week to-date | -0.39% | -52.0 Pips | ▼ |
| October | -0.5% | -66.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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 is experiencing a bearish trend, with a daily decline of 0.5%, closing at 1.31990. The pair remains below its 9-day EMA, and the stochastic indicator is falling, suggesting continued downward pressure.
📈 Bull Scenario A bullish scenario for GBPUSD could emerge if the pair manages to break above the daily pivot at 1.3216. Further upward momentum might target the first resistance level (R1) at 1.3255. If the bullish momentum persists, the next significant resistance level to watch is R2 at 1.3311. | 📉 Bear Scenario In a bearish scenario, GBPUSD could continue its decline if it breaks below the first support level (S1) at 1.316. A further drop might see the pair testing the second support level (S2) at 1.3121. Given the current bearish daily and weekly outlooks, these levels may be critical in determining the pair’s short-term direction. |
Key levels to watch out:
| R3 | 1.335 |
| R2 | 1.3311 |
| R1 | 1.3255 |
| Daily Pivot | 1.3216 |
| S1 | 1.316 |
| S2 | 1.3121 |
| S3 | 1.3065 |