GBPUSD on Monday rose 0.3% to 1.25589. What we know.

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.3%	37.9 Pips
Week to-date	0.3%	37.9 Pips
May	0.52%	65.1 Pips

Upcoming key events (London Time)

Tue 07:00 AM GBP Labour Market Employment Change
Tue 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Tue 03:00 PM USD Federal Reserve Chair Jerome Powell speech
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 02:15 PM GBP Bank of England Monetary Policy Report Hearings

What happened lately

No major activities.

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What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.3% to 1.25589. 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 1.25795 with break above could target R2 at 1.26002 or figure level area. While towards the downside, we are looking at daily low of 1.25170 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.25689 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: