GBPUSD on Monday rose 0.16% to 1.26564. What we know.

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.16%	20.4 Pips
Week to-date	0.16%	20.4 Pips
April	0.27%	34.1 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

🇬🇧 U.K. BRC Like-For-Like Retail Sales (12-mth) in March rose to 3.2% compared to previous figure 1% in February

Latest from X (Twitter)

Tweets by Office for National Statistics

What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.16% to 1.26564. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for GBPUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.2676 with break above could target R2 at 1.26957 or figure level area. While towards the downside, we are looking at daily low of 1.26129 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26641 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: