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GBPUSD on Monday rose 0.63% to 1.25260. Pair in consolidation. What we know.

GBPUSD on Monday rose 0.63% to 1.25260. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.63% 79 Pips
Week to-date 0.63% 79 Pips
May -0.28% -34.8 Pips

Upcoming key events (London Time)

Tue 07:00 AM GBP Claimant Count Change
Tue 07:00 AM GBP ILO Unemployment Rate (3-mth)
Tue 01:30 PM USD Retail Trade Turnover (1-mth)
Tue 01:30 PM USD Retail Trade Control Group
Wed 10:50 AM GBP Bank of England’s Governor Andrew Bailey speech

What happened lately

No major activities.


GBPUSD 4-hour Chart by TradingView

What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.63% to 1.25260. 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 1.24685 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.25346 or trades above daily pivot 1.25015. Break above could target R1 at 1.25591. While to the downside, we are looking at 1.24685 (S1) and daily low of 1.24440 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.25346 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 1.26497
R2 1.25921
R1 1.25591
Daily Pivot 1.25015
S1 1.24685
S2 1.24109
S3 1.23779

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