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 | 0.32% | 40.9 Pips |  |
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| Week to-date | 0.29% | 36.1 Pips |  |
||
| June | -0.4% | -50.5 Pips |  |
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Upcoming key events (London Time)
Wed 09:30 PM USD Bank Stress Test Results
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.32% to 1.26799. Price is below 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 1.27078 with break above could target R2 at 1.27358 or figure level area. While towards the downside, we are looking at daily low of 1.26323 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26980 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 | 1.27735 |
| R2 | 1.27358 |
| R1 | 1.27078 |
| Daily Pivot | 1.26701 |
| S1 | 1.26421 |
| S2 | 1.26044 |
| S3 | 1.25764 |
