GBPUSD by TradingView
| Monday | |||
| Open | High | Low | Close |
| 1.20300 | 1.20568 | 1.20140 | 1.20430 |
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.03% | 3.5 Pips |  |
||
| Week to-date | 0.03% | 3.5 Pips | |
||
| February | -2.25% | -276.9 Pips |  |
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Upcoming key events (London Time)
Tue 09:30 AM GBP S&P Global/CIPS Services PMI
Wed 07:00 PM USD FOMC Minutes
What happened lately
No major activities.
What can we expect from GBPUSD today?
GBPUSD on Monday rose 0.03% to 1.2043. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.20191 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.2057 or trades above daily pivot 1.20379 while to the downside, the daily low of 1.2014 and 1.20191 (S1) as key support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.2057 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 | 1.21047 |
| R2 | 1.20807 |
| R1 | 1.20619 |
| Daily Pivot | 1.20379 |
| S1 | 1.20191 |
| S2 | 1.19951 |
| S3 | 1.19763 |
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Last updated: 11:34 pm UTC, 20-Feb 2023
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