GBPUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.56% | 70.6 Pips |  |
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| Week to-date | -0.2% | -25.4 Pips |  |
||
| February | -0.66% | -83.3 Pips |  |
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What can we expect from GBPUSD today?
GBPUSD on Tuesday rose 0.56% to 1.26030. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.25556 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.26049 or trades above daily pivot 1.25802. Break above could target R1 at 1.26277. While to the downside, we are looking at 1.25556 (S1) and daily low of 1.25328 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.26049 may suggest continuation after recent positive movement.
For the week to-date, take note that GBPUSD is bearish as the pair posted lower by -0.2%.
Key levels to watch out:
| R3 | 1.26998 |
| R2 | 1.26523 |
| R1 | 1.26277 |
| Daily Pivot | 1.25802 |
| S1 | 1.25556 |
| S2 | 1.25081 |
| S3 | 1.24835 |
