GBPUSD on Monday rose 0.49% to 1.24985. What we know.
|Performance after Monday|
|Week to-date||0.49%||61.2 Pips|
Upcoming key events (London Time)
Wed 01:30 PM USD Durable Goods Orders
Wed 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft
What happened lately
🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.49% to 1.24985. 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 R1 at 1.25288 with break above could target R2 at 1.25591 or figure level area. While towards the downside, we are looking at daily low of 1.24100 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.24997 may suggest continuation 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 0.49% over the past few days.
Key levels to watch out:
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