GBPUSD on Monday rose 0.04% to 1.27060. Pair in consolidation. What we know.

GBPUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.04%5.2 Pips
Week to-date0.04%5.2 Pips
January-0.2%-25.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.04% to 1.27060. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.2684 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.27327 or trades above daily pivot 1.27084. Break above could target R1 at 1.27303. While to the downside, we are looking at 1.2684 (S1) and daily low of 1.26864 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.27327 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:

R31.27766
R21.27547
R11.27303
Daily Pivot1.27084
S11.2684
S21.26621
S31.26377

Leave a comment

Your email address will not be published. Required fields are marked *