GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.43% | 52.7 Pips |  |
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| Week to-date | 0.72% | 87.7 Pips | |
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| March | 2.48% | 297.7 Pips |  |
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Upcoming key events (London Time)
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What happened lately
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What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.43% to 1.22827. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.22355 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.22930 or trades above daily pivot 1.22642. While to the downside, the daily low of 1.22170 and 1.22355 (S1) as immediate support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.22930 would suggest bullish bias after recent positive movement.
For the week to-date, take note that GBPUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.23875 |
| R2 | 1.23402 |
| R1 | 1.23115 |
| Daily Pivot | 1.22642 |
| S1 | 1.22355 |
| S2 | 1.21882 |
| S3 | 1.21595 |
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