GBPUSD on Monday rose 0.18% to 1.27083. What is going on.

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.18%	22.9 Pips
Week to-date	0.16%	20.2 Pips
June	-0.17%	-21.8 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 07:00 AM GBP CPI Inflation Rate (CPIH) (1-mth)
Wed 07:00 AM GBP CPI Inflation Rate (CPIH) (12-mth)

What happened lately

🇺🇸 U.S. New York Empire State Manufacturing Index in June improved to -6 points compared to previous figure -15.6 points in May

Latest from X (Twitter)

Tweets by Office for National Statistics

What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.18% to 1.27083. Price is below 9-Day EMA while Stochastic is falling.

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 1.27256 with break above could target R2 at 1.27429 or figure level area. While towards the downside, we are looking at daily low of 1.26586 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.27094 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: