GBPUSD on Monday dropped -0.07% to 1.28351. End July up by 1.12% or 142.3 pips higher. Pair in consolidation. Winners and losers.

GBPUSD Analysis

Performance after Monday
Monday-0.07%-9.1 Pips
Week to-date-0.07%-9.1 Pips
July1.12%142.3 Pips

Upcoming key events (London Time)

Tue 03:00 PM USD ISM Manufacturing PMI
Wed 01:15 PM USD ADP Non-Farm Employment Change

What happened lately

No major activities.

GBPUSD 4-hour Chart by TradingView

What can we expect from GBPUSD today?

GBPUSD on Monday dropped -0.07% to 1.28351. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.28177 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.28730 or trades above daily pivot 1.28454. Break above could target R1 at 1.28627. While to the downside, we are looking at 1.28177 (S1) and daily low of 1.28280 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.28280 would indicate selling pressure.

For the week to-date, take note that GBPUSD is mixed as compared to the prior week.

GBPUSD ended month of July trading session up by 1.12% or 142.3 pips higher.

Key levels to watch out:

Daily Pivot1.28454

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