|Performance after Monday|
|Week to-date||0.68%||81.2 Pips|
Upcoming key events (London Time)
Tue 07:00 AM GBP Claimant Count Change
Tue 07:00 AM GBP ILO Unemployment Rate (3M)
Wed 07:00 AM GBP Consumer Price Index (YoY)
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.75% to 1.1951. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is at 1.20360 (R1) while on the downside, we are looking at daily low of 1.1861 as an important support. Break below this level could weaken the current bullish momentum. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.2034 would suggest bullish bias 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:
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Consumer prices development plan: updated July 2022 Source: National Statistics
Last updated: 01:32 am UTC, 19-Jul 2022
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