GBPUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0% | -0.3 Pips |  |
||
| Week to-date | 0.12% | 15.3 Pips |  |
||
| February | -0.02% | -2.7 Pips | |
||
Upcoming key events (London Time)
Wed 01:30 PM USD GDP Annualized Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth) Thu 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in December dropped to 0.1% compared to previous figure 0.4, revised from 0.3% in November 🇺🇸 U.S. Durable Goods Orders in January dropped to -6.1% compared to previous figure -0.3, revised from 0% in December Source: Census Bureau
Latest from X (Twitter)
Tweets by Office for National Statistics
What can we expect from GBPUSD today?
GBPUSD on Tuesday dropped 0% to 1.26845. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.2664 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.26967 or trades above daily pivot 1.26804. Break above could target R1 at 1.27008. While to the downside, we are looking at 1.2664 (S1) and daily low of 1.26599 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.26599 would indicate selling pressure.
For the week to-date, take note that GBPUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 1.27376 |
| R2 | 1.27172 |
| R1 | 1.27008 |
| Daily Pivot | 1.26804 |
| S1 | 1.2664 |
| S2 | 1.26436 |
| S3 | 1.26272 |
