GBPUSD on Monday rose 1.26% to 1.21840. Buying interest. What we know.
GBPUSD by TradingView
| Monday | |||
| Open | High | Low | Close |
| 1.20340 | 1.22000 | 1.20340 | 1.21840 |
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 1.26% | 151 Pips |  | ||
| Week to-date | 1.26% | 151 Pips | | ||
| March | 1.18% | 143 Pips | | ||
Upcoming key events (London Time)
Tue 07:00 AM GBP Claimant Count Tue 07:00 AM GBP ILO Unemployment Rate (3-mth)
Tue 12:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) Wed 12:30 PM USD Retail Sales (1-mth) Wed 12:30 PM USD Retail Control Group
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 1.26% to 1.21840. Price is above 9-Day EMA while Stochastic is rising.
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 at 1.2245 (R1) while on the downside, we are looking at daily low of 1.20340 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.22000 would suggest bullish bias after recent positive movement.
For the week to-date, take note that GBPUSD is bullish as the pair continued to trade higher and is up by 1.26% over the past few days.
Key levels to watch out:
| R3 | 1.2411 |
| R2 | 1.2305 |
| R1 | 1.2245 |
| Daily Pivot | 1.2139 |
| S1 | 1.2079 |
| S2 | 1.1973 |
| S3 | 1.1913 |
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