Dear ,
As requested, let’s look at GBPUSD and the recent events that happened in the previous trading session.
GBPUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.52% | -68.3 Pips |  |
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| Week to-date | -0.55% | -72.8 Pips | |
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| September | -0.73% | -96.1 Pips |  |
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Upcoming key events (London Time)
Tue 07:00 AM GBP Labour Force Survey Employment Change
Tue 07:00 AM GBP ILO Unemployment Rate (3-mth)| Jul
Wed 02:00 AM USD Second 2024 United States presidential debate
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday dropped -0.52% to 1.30702. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 1.30439 with break below could see further selling pressure towards S2 at 1.30177. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.31430 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.30672 would indicate selling pressure.
For the week to-date, take note that GBPUSD is bearish as the pair posted lower by -0.55%.
Key levels to watch out:
| R3 | 1.31955 |
| R2 | 1.31693 |
| R1 | 1.31197 |
| Daily Pivot | 1.30935 |
| S1 | 1.30439 |
| S2 | 1.30177 |
| S3 | 1.29681 |
