|Performance after Friday|
|Week ending 2022-07-15||-1.37%||-165.2 Pips|
Upcoming key events (London Time)
Tue 07:00 AM GBP Claimant Count Change
Tue 07:00 AM GBP ILO Unemployment Rate (3M)
What happened lately
📆 🇺🇸 USD Retail Sales ex Autos (MoM) in June exceed forecast and rose to 1% compared to previous figure 0.6, revised from 0.5% in May. Source
📆 🇺🇸 USD Monthly Budget Statement in June exceed forecast and dropped to -89$ compared to previous figure -66$ in May. Source
What can we expect from GBPUSD today?
GBPUSD on Friday rose 0.31% to 1.1862. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.18189 (S1).
Looking ahead on Monday, we are looking at 1.1893 or 1.18897 (R1) as important resistance level while to the downside, the daily low of 1.1804 and 1.18189 (S1) as key support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.1875 would suggest bullish bias after recent positive movement.
For the week ending 2022-07-15 take note that GBPUSD is bearish as the pair posted lower by -1.37%.
Key levels to watch out:
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Advance Monthly Sales for Retail and Food Services Source: Census Bureau
Business Formation Statistics Source: Census Bureau
U.S. import prices increase 0.2% in June on higher fuel prices; export prices rise 0.7% Source: Bureau of Labor Statistics Publications
PPI for final demand advances 1.1% in June; goods rise 2.4%, services increase 0.4% Source: Bureau of Labor Statistics Publications
Last updated: 01:31 am UTC, 18-Jul 2022
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