GBPUSD by TradingView
| Tuesday | |||
| Open | High | Low | Close |
| 1.20419 | 1.21476 | 1.19850 | 1.21138 |
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.62% | 75.1 Pips |  |
||
| Week to-date | 0.61% | 74 Pips |  |
||
| February | -1.67% | -206.1 Pips |  |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Minutes Thu 01:30 PM USD Gross Domestic Product Annualized
What happened lately
📆 🇺🇸 USD S&P Global Composite PMI in February preliminary estimate exceed forecast and rose to 50.2 points compared to previous figure 46.8 points in January. Source 📆 🇺🇸 USD S&P Global Services PMI in February preliminary estimate exceed forecast and rose to 50.5 points compared to previous figure 46.8 points in January. Source
📆 ☢️ 🇬🇧 GBP S&P Global/CIPS Services PMI in February preliminary estimate exceed forecast and rose to 53.3 points compared to previous figure 48.7 points in January. Source
What can we expect from GBPUSD today?
GBPUSD on Tuesday rose 0.62% to 1.2114. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for GBPUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is at 1.21793 (R1) while on the downside, we are looking at daily low of 1.1985 as an important support. Break below this level could weaken the current bullish momentum. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.2148 would suggest bullish bias after recent positive movement.
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 | 1.23419 |
| R2 | 1.22447 |
| R1 | 1.21793 |
| Daily Pivot | 1.20821 |
| S1 | 1.20167 |
| S2 | 1.19195 |
| S3 | 1.18541 |
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Last updated: 11:34 pm UTC, 21-Feb 2023
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