GBPUSD on Thursday dropped -0.54% to 1.22182. What we know.
GBPUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.54% | -66.3 Pips |  | ||
| Week to-date | -1.28% | -157.8 Pips |  | ||
| November | 0.57% | 69.8 Pips |  | ||
Upcoming key events (London Time)
Fri 07:00 AM GBP GDP (3-mth) Fri 07:00 AM GBP GDP (12-mth)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Thursday dropped -0.54% to 1.22182. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at S1 1.2184 with break below could see further selling pressure towards S2 at 1.21498. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.23088 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 1.22122 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:
| R3 | 1.23772 |
| R2 | 1.2343 |
| R1 | 1.22806 |
| Daily Pivot | 1.22464 |
| S1 | 1.2184 |
| S2 | 1.21498 |
| S3 | 1.20874 |
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