GBPUSD on Thursday rose 0.26% to 1.27072. What we know.

GBPUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.26%	32.4 Pips
Week to-date	-0.31%	-40.1 Pips
January	-0.18%	-22.7 Pips

Upcoming key events (London Time)

Fri 07:00 AM GBP Retail Sales Volumes (1-mth)

What happened lately

🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in January below forecast and improved to -10.6 points compared to previous figure -12.8, revised from -10.5 points in December
🇺🇸 U.S. Industrial Production (1-mth) in December rose to 0.1% compared to previous figure 0.2%
🇺🇸 U.S. Monthly Retail Trade excluding Automobile (1-mth) in December exceed forecast and rose to 0.4% compared to previous figure 0.2% in November
🇬🇧 U.K. CPI Inflation Rate (CPIH) (12-mth) in December exceed forecast and rose to 4% compared to previous figure 3.9% in November Source: Office for National Statistics
🇬🇧 U.K. Retail Price Index (1-mth) in December exceed forecast and rose to 0.5% compared to previous figure -0.1% in November Source: Office for National Statistics

Latest from X (Twitter)

Tweets by Office for National Statistics

What can we expect from GBPUSD today?

GBPUSD on Thursday rose 0.26% to 1.27072. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for GBPUSD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.27279 with break above could target R2 at 1.27487 or figure level area. While towards the downside, we are looking at daily low of 1.26476 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.27085 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: