GBPUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.29% | 36.8 Pips |  |
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| Week to-date | 0.02% | 2.8 Pips |  |
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| February | -0.43% | -55.1 Pips |  |
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Upcoming key events (London Time)
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What can we expect from GBPUSD today?
GBPUSD on Wednesday rose 0.29% to 1.26314. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.265 with break above could target R2 at 1.26685 or figure level area. While towards the downside, we are looking at daily low of 1.25963 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26417 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 | 1.26954 |
| R2 | 1.26685 |
| R1 | 1.265 |
| Daily Pivot | 1.26231 |
| S1 | 1.26046 |
| S2 | 1.25777 |
| S3 | 1.25592 |
