GBPUSD by TradingView
| Wednesday | |||
| Open | High | Low | Close |
| 1.21721 | 1.21813 | 1.19880 | 1.20336 |
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -1.14% | -138.4 Pips |  |
||
| Week to-date | -0.20% | -23.9 Pips |  |
||
| February | -2.32% | -286.3 Pips | |
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Upcoming key events (London Time)
No further events
What happened lately
📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source
📆 🇬🇧 GBP Retail Price Index (YoY) in January unchanged at 13.4% compared to previous report in December. . Source 📆 🇬🇧 GBP Core Consumer Price Index (YoY) in January below forecast and dropped to 5.8% compared to previous figure 6.3% in December. Source GBP PPI Core Output (MoM) n.s.a in January rose to 0.6% compared to previous figure 0.1%. Source 📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source 📆 ☢️ 🇬🇧 GBP Claimant Count Change in January below forecast and dropped to -12.9K compared to previous figure -3.2, revised from 19.7K in December. Source
What can we expect from GBPUSD today?
GBPUSD on Wednesday dropped -1.14% to 1.2034. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at 1.19540 (S1) with break below could see further selling pressure towards 1.18743 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.2181 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. GBPUSD need to break on either side to indicate a short-term bias. A close below 1.1988 would indicate selling pressure.
For the week to-date, take note that GBPUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 1.23406 |
| R2 | 1.22609 |
| R1 | 1.21473 |
| Daily Pivot | 1.20676 |
| S1 | 1.19540 |
| S2 | 1.18743 |
| S3 | 1.17607 |
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Last updated: 11:34 pm UTC, 15-Feb 2023
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