GBPUSD on Thursday rose 0.16% to 1.26842. What we know.

GBPUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday0.16%19.7 Pips
Week to-date-0.36%-45.5 Pips
January-0.36%-45.5 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Average Hourly Earnings (12-mth)
Fri 01:30 PM USD Average Hourly Earnings (1-mth)
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Challenger Job Cuts in December dropped to 34.817K compared to previous figure 45.51K in November
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in November below forecast and dropped to 8.79M compared to previous figure 8.852, revised from 8.733M in October Source: Bureau of Labor Statistics

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What can we expect from GBPUSD today?

GBPUSD on Thursday rose 0.16% to 1.26842. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for GBPUSD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 1.27239 with break above could target R2 at 1.27635 or figure level area. While towards the downside, we are looking at daily low of 1.26564 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.27298 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:

R31.27973
R21.27635
R11.27239
Daily Pivot1.26901
S11.26505
S21.26167
S31.25771

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