GBPUSD on Monday rose 0.36% to 1.21655. What we know.

GBPUSD Analysis

Performance after Monday
Monday0.36%43.5 Pips
Week to-date0.36%43.5 Pips
October-0.26%-31.6 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement

What happened lately

No major activities.


What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.36% to 1.21655. 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 1.21968 with break above could target R2 at 1.22282 or figure level area. While towards the downside, we are looking at daily low of 1.20897 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.21746 may suggest continuation after recent positive movement.

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

Key levels to watch out:

Daily Pivot1.21433

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