GBPUSD by TradingView
| Thursday | |||
| Open | High | Low | Close |
| 1.20372 | 1.20742 | 1.19640 | 1.19765 |
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.43% | -51.5 Pips |  |
||
| Week to-date | -0.67% | -81 Pips |  |
||
| February | -2.79% | -343.4 Pips | |
||
Upcoming key events (London Time)
No further events
What happened lately
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in February below forecast and dropped to -24.3 points compared to previous figure -8.9 points in January. Source 📆 ☢️ 🇺🇸 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 Thursday dropped -0.43% to 1.1977. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for GBPUSD looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at 1.19356 (S1) with break below could see further selling pressure towards 1.18947 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 1.2074 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 1.1964 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 | 1.21560 |
| R2 | 1.21151 |
| R1 | 1.20458 |
| Daily Pivot | 1.20049 |
| S1 | 1.19356 |
| S2 | 1.18947 |
| S3 | 1.18254 |
You might also be interested in:
New Residential Construction Source: Census Bureau Manufacturing and Trade Inventories and Sales Source: Census Bureau Advanced Monthly Sales for Retail and Food Services Source: Census Bureau
Producer Price Inflation, UK: January 2023 time series Source: National Statistics Consumer price inflation, UK: January 2023 Source: National Statistics Producer Price Inflation, UK: January 2023 Source: National Statistics Consumer price inflation, UK: January 2023 time series Source: National Statistics CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications UK labour market: February 2023 Source: National Statistics UK productivity flash estimate: October to December 2022 Source: National Statistics
Last updated: 11:34 pm UTC, 16-Feb 2023
#GBPUSD Trending on Twitter
