GBPUSD on Wednesday rose 0.29% to 1.26314. What we know.

GBPUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.29%36.8 Pips
Week to-date0.02%2.8 Pips
February-0.43%-55.1 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 Wednesday rose 0.29% to 1.26314. Price is below 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 1.265 with break above could target R2 at 1.26685 or figure level area. While towards the downside, we are looking at daily low of 1.25963 as an important support. Break below this level could weaken the current bullish momentum. A break above 1.26417 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:

R31.26954
R21.26685
R11.265
Daily Pivot1.26231
S11.26046
S21.25777
S31.25592

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