Dear ,
As requested, let’s look at GBPUSD and the recent events that happened in the previous trading session.
GBPUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.16% | 20.1 Pips |  |
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| Week to-date | 0% | -0.3 Pips |  |
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| June | -0.72% | -91.7 Pips | |
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Upcoming key events (London Time)
Fri 02:00 AM USD Presidential Debate
Fri 07:00 AM GBP GDP (3-mth)
Fri 07:00 AM GBP GDP (12-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
What happened lately
U.S. Gross Domestic Product Price Index in Q1 unchanged at 3.1% compared to previous report in Q4. Source: Bureau of Economic Analysis
U.S. Core Personal Consumption Expenditures (3-mth) in Q1 rose to 3.7% compared to previous figure 3.6% in Q4 Source: Bureau of Economic Analysis
U.S. Nondefense Capital Goods Orders excluding Aircraft in May dropped to -0.6% compared to previous figure 0.2, revised from 0.3% in April Source: Census Bureau
U.S. Personal Consumption Expenditures Prices (3-mth) in Q1 rose to 3.4% compared to previous figure 3.3% in Q4 Source: Bureau of Economic Analysis
In the week ending 22 June, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 238K Source: Department of Labor
U.S. Durable Goods Orders excluding Transportation in May dropped to -0.1% compared to previous figure 0.4% in April Source: Census Bureau
U.S. Durable Goods Orders excluding Defense in May dropped to -0.2% compared to previous figure 0% in April Source: Census Bureau
What can we expect from GBPUSD today?
GBPUSD on Thursday rose 0.16% to 1.26387. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 1.26687 with break above could target R2 at 1.26988 or figure level area. While towards the downside, we are looking at daily low of 1.26124 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26706 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 | 1.27269 |
| R2 | 1.26988 |
| R1 | 1.26687 |
| Daily Pivot | 1.26406 |
| S1 | 1.26105 |
| S2 | 1.25824 |
| S3 | 1.25523 |
