GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.1% | -12.3 Pips |  |
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| Week to-date | -0.19% | -24.1 Pips |  |
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| January | -0.05% | -6.8 Pips | |
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Upcoming key events (London Time)
Tue 07:00 AM GBP Labour Market Employment Change Tue 03:00 PM GBP Bank of England Governor Andrew Bailey speech Wed 07:00 AM GBP CPI Inflation Rate (CPIH) (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
What happened lately
No major activities.
Latest from X (Twitter)
Tweets by Office for National Statistics
What can we expect from GBPUSD today?
GBPUSD on Monday dropped -0.1% to 1.27230. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 1.2702 with break below could see further selling pressure towards S2 at 1.2681. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.27652 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.27126 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 | 1.28072 |
| R2 | 1.27862 |
| R1 | 1.27546 |
| Daily Pivot | 1.27336 |
| S1 | 1.2702 |
| S2 | 1.2681 |
| S3 | 1.26494 |
