GBPUSD Analysis
Performance after Thursday | |||||
Period | Pct | Chg | Momentum | ||
Thursday | -0.21% | -26.3 Pips | |||
Week to-date | -0.81% | -103.3 Pips | |||
June | 1.38% | 171.4 Pips |
Upcoming key events (London Time)
Fri 07:00 AM GBP GDP (3-mth)
What happened lately
🇺🇸 U.S. GDP Annualized in Q1 exceed forecast and rose to 2% compared to previous figure 1.3% in Q4 Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 below forecast and dropped to 4.9% compared to previous figure 5% in Q4 Bureau of Economic Analysis
What can we expect from GBPUSD today?
GBPUSD on Thursday dropped -0.21% to 1.26092. 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 1.25776 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.26669 or trades above daily pivot 1.26222. Break above could target R1 at 1.26539. While to the downside, we are looking at 1.25776 (S1) and daily low of 1.25906 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.25906 would indicate selling pressure.
For the week to-date, take note that GBPUSD is bearish as the pair posted lower by -0.81%.
Key levels to watch out:
R3 | 1.27302 |
R2 | 1.26985 |
R1 | 1.26539 |
Daily Pivot | 1.26222 |
S1 | 1.25776 |
S2 | 1.25459 |
S3 | 1.25013 |
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