GBPUSD on Tuesday rose 0.37% to 1.23280. What we know.

GBPUSD on Tuesday rose 0.37% to 1.23280. What we know.

GBPUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.37% 45.3 Pips
Week to-date 0.8% 98 Pips
March 2.57% 309.3 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized | Q4

What happened lately

No major activities.

GBPUSD 4-hour Chart by TradingView

What can we expect from GBPUSD today?

GBPUSD on Tuesday rose 0.37% to 1.23280. Price is above 9-Day EMA while Stochastic is falling.

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 at 1.23584 (R1) while on the downside, we are looking at daily low of 1.22790 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.23491 may suggest continuation after recent positive movement.

For the week to-date, take note that GBPUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 1.24285
R2 1.23888
R1 1.23584
Daily Pivot 1.23187
S1 1.22883
S2 1.22486
S3 1.22182

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