GBPUSD on Monday dropped -0.48% to 1.25150. What we know.
|Performance after Monday|
|Week to-date||-0.48%||-60.4 Pips|
Upcoming key events (London Time)
Tue 07:00 AM GBP Claimant Count Change
Tue 07:00 AM GBP ILO Unemployment Rate (3-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Tue 03:00 PM GBP Bank of England Governor Andrew Bailey speech
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD Interest Rate Projections
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday dropped -0.48% to 1.25150. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Monday trading session.
Looking ahead for the day, immediate support level is at S1 1.24678 with break below could see further selling pressure towards S2 at 1.24207. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.25995 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.24865 would indicate selling pressure.
For the week to-date, take note that GBPUSD is mixed as compared to the prior week.
Key levels to watch out:
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