GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.08% | 9.4 Pips |  |
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| Week to-date | 0.08% | 9.4 Pips | |
||
| May | -1.66% | -208.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.08% to 1.23530. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.2334 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.23719 or trades above daily pivot 1.2353. Break above could target R1 at 1.23719. While to the downside, we are looking at 1.2334 (S1) and daily low of 1.23340 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.23719 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:
| R3 | 1.24098 |
| R2 | 1.23909 |
| R1 | 1.23719 |
| Daily Pivot | 1.2353 |
| S1 | 1.2334 |
| S2 | 1.23151 |
| S3 | 1.22961 |
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