GBPUSD on Monday rose 0.29% to 1.26370. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.29%	36 Pips
Week to-date	0.29%	36 Pips
March	0.11%	13.9 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in February dropped to -0.3% compared to previous figure 1.7, revised from 1.5% in January

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What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.29% to 1.26370. 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 1.26014 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.26524 or trades above daily pivot 1.26269. Break above could target R1 at 1.26625. While to the downside, we are looking at 1.26014 (S1) and daily low of 1.25913 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.26524 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: