GBPUSD on Monday dropped -0.08% to 1.26840. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
Monday-0.08%-10 Pips
Week to-date-0.08%-10 Pips
August-1.19%-152.1 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 07:00 AM GBP Employment Change| Jun
Tue 01:30 PM USD Monthly Retail Trade (1-mth)
Wed 07:00 AM GBP CPI Inflation Rate (CPIH) (1-mth)
Wed 07:00 AM GBP CPI Inflation Rate (CPIH) (12-mth)
Wed 07:00 AM GBP Core CPI Inflation Rate (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

GBPUSD 4-hour Chart by TradingView

What can we expect from GBPUSD today?

GBPUSD on Monday dropped -0.08% to 1.26840. 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 1.26286 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.27146 or trades above daily pivot 1.26716. Break above could target R1 at 1.2727. While to the downside, we are looking at 1.26286 (S1) and daily low of 1.26162 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.26162 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:

Daily Pivot1.26716

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