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GBPUSD on Monday dropped -0.01% to 1.26917. Pair in consolidation. What we know.

GBPUSD on Monday dropped -0.01% to 1.26917. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.01% -1.1 Pips
Week to-date -0.01% -1.1 Pips
July -0.01% -1.1 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.


GBPUSD 4-hour Chart by TradingView

What can we expect from GBPUSD today?

GBPUSD on Monday dropped -0.01% to 1.26917. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.26588 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.27229 or trades above daily pivot 1.26909. Break above could target R1 at 1.27237. While to the downside, we are looking at 1.26588 (S1) and daily low of 1.26580 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.26580 would indicate selling pressure.

For the week to-date, take note that GBPUSD is mixed as compared to the prior week.

Key levels to watch out:

R3 1.27886
R2 1.27558
R1 1.27237
Daily Pivot 1.26909
S1 1.26588
S2 1.2626
S3 1.25939

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