GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.03% | 3.9 Pips |  |
||
| Week to-date | 0.08% | 10.4 Pips |  |
||
| September | -0.21% | -27.1 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇬🇧 U.K. BRC Like-For-Like Retail Sales (12-mth) increased to 0.8% in August from 0.3% in July.
Latest from X (Twitter)
Tweets by Office for National Statistics
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.03% to 1.31388. Price is above 9-Day EMA while Stochastic is falling.
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 R1 at 1.31559 with break above could target R2 at 1.31731 or figure level area. While towards the downside, we are looking at daily low of 1.31196 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.31549 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 | 1.31912 |
| R2 | 1.31731 |
| R1 | 1.31559 |
| Daily Pivot | 1.31378 |
| S1 | 1.31206 |
| S2 | 1.31025 |
| S3 | 1.30853 |
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