GBPUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.35% | 44.7 Pips |  |
||
| Week to-date | 0.32% | 39.9 Pips |  |
||
| July | 0.32% | 39.9 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:00 AM GBP Parliamentary Election
What happened lately
No major activities.
Latest from X (Twitter)
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What can we expect from GBPUSD today?
GBPUSD on Tuesday rose 0.35% to 1.26885. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.27149 with break above could target R2 at 1.27412 or figure level area. While towards the downside, we are looking at daily low of 1.26150 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26913 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 | 1.27912 |
| R2 | 1.27412 |
| R1 | 1.27149 |
| Daily Pivot | 1.26649 |
| S1 | 1.26386 |
| S2 | 1.25886 |
| S3 | 1.25623 |
