GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.22%	27.7 Pips
Week to-date	0.22%	27.7 Pips
July	1.35%	171.2 Pips

Upcoming key events (London Time)

Tue 07:00 AM GBP Claimant Count Change
Tue 07:00 AM GBP ILO Unemployment Rate (3-mth)
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD CPI Inflation Rate excluding Food and Energy sectors (1-mth)
Wed 01:30 PM USD CPI Inflation Rate excluding Food and Energy sectors (12-mth)

What happened lately

No major activities.

What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.22% to 1.28637. 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 1.29045 with break above could target R2 at 1.29454 or figure level area. While towards the downside, we are looking at daily low of 1.27502 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.28682 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 0.22% over the past few days.

Key levels to watch out:

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