• Sun. Feb 16th, 2025

GBPUSD on Tuesday rose 0.35% to 1.26885. What we know.

market research 5

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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 0.35% 44.7 Pips
Week to-date 0.32% 39.9 Pips
July 0.32% 39.9 Pips

Upcoming key events (London Time)

  Wed 07:00 PM USD FOMC Meeting Minutes
  Thu 01:00 AM GBP Parliamentary Election

What happened lately

No major activities.


What can we expect from GBPUSD today?

GBPUSD on Tuesday rose 0.35% to 1.26885. Price is above 9-Day EMA while Stochastic is rising.

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 1.27149 with break above could target R2 at 1.27412 or figure level area. While towards the downside, we are looking at daily low of 1.26150 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26913 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 1.27912
R2 1.27412
R1 1.27149
Daily Pivot 1.26649
S1 1.26386
S2 1.25886
S3 1.25623