GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.3% | 37.5 Pips |  |
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| Week to-date | 0.29% | 37.1 Pips |  |
||
| March | 0.53% | 67 Pips | |
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Upcoming key events (London Time)
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What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.3% to 1.26905. 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 1.27128 with break above could target R2 at 1.27352 or figure level area. While towards the downside, we are looking at daily low of 1.26555 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.27065 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 | 1.27638 |
| R2 | 1.27352 |
| R1 | 1.27128 |
| Daily Pivot | 1.26842 |
| S1 | 1.26618 |
| S2 | 1.26332 |
| S3 | 1.26108 |
