GBPUSD on Monday rose 0.06% to 1.27274. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.06%	7.6 Pips
Week to-date	0.06%	7.6 Pips
June	-0.11%	-13.5 Pips

Upcoming key events (London Time)

Tue 07:00 AM GBP Labour Force Survey Employment Change
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections

What happened lately

No major activities.

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What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.06% to 1.27274. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.26976 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.27373 or trades above daily pivot 1.27174. Break above could target R1 at 1.27473. While to the downside, we are looking at 1.26976 (S1) and daily low of 1.26876 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.27373 may suggest continuation after recent positive movement.

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

Key levels to watch out: