GBPUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.98% | 122.4 Pips |  |
||
| Week to-date | 0.91% | 113.4 Pips | |
||
| June | 0.98% | 121.4 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Goods and Services Trade Balance in April dropped to -74.6$ compared to previous figure -60.6$ (revised from -64.2$)
What can we expect from GBPUSD today?
GBPUSD on Thursday rose 0.98% to 1.25604. 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 1.26025 with break above could target R2 at 1.26445 or figure level area. While towards the downside, we are looking at daily low of 1.24400 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.25633 may suggest continuation after recent positive movement.
For the week to-date, take note that GBPUSD is bullish as the pair continued to trade higher and is up by 0.91% over the past few days.
Key levels to watch out:
| R3 | 1.27258 |
| R2 | 1.26445 |
| R1 | 1.26025 |
| Daily Pivot | 1.25212 |
| S1 | 1.24792 |
| S2 | 1.23979 |
| S3 | 1.23559 |
You might be interested in:
U.S. International Trade in Goods and Services, April 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau Quarterly Financial Report. Census Bureau Quarterly Financial Report – Retail. Census Bureau
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