• Sun. Nov 3rd, 2024

GBPUSD on Tuesday rose 0.17% to 1.30828. What is going on.

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Dear ,

As requested, let’s look at GBPUSD and the recent events that happened in the previous trading session.

GBPUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.17% 21.8 Pips
Week to-date -0.39% -50.6 Pips
September -0.63% -83.2 Pips

Upcoming key events (London Time)

  Wed 02:00 AM USD Second 2024 United States presidential debate
  Wed 01:30 PM USD CPI Inflation Rate (12-mth)
  Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.


What can we expect from GBPUSD today?

GBPUSD on Tuesday rose 0.17% to 1.30828. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for GBPUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.31105 with break above could target R2 at 1.31382 or figure level area. While towards the downside, we are looking at daily low of 1.30491 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.31075 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 1.31689
R2 1.31382
R1 1.31105
Daily Pivot 1.30798
S1 1.30521
S2 1.30214
S3 1.29937