GBPUSD on Monday rose 0.85% to 1.22790. What we know.
|Performance after Monday|
|Week to-date||0.85%||104 Pips|
Upcoming key events (London Time)
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What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.85% to 1.22790. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
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 1.23209 (R1) while on the downside, we are looking at daily low of 1.21650 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.22848 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 0.85% over the past few days.
Key levels to watch out:
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