- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. 3 important DATA for USD to be released today in the NEWYORK SESSION. CORE DURABLE GOODS ORDER REPORTS, DURABLE GOODS ODER REPORTS, CONSUMER CONFIDENCE REPORTS will be released.
- DXY is currently at 101.91 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2812 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE.
- Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK ON status. Also the EQUITIES are turning a bit GREEN. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has NEUTRAL BIAS. But due to EQUITIES UP, COMMODITIES UP the MARKET RISK is ON. This MARKET CONDITION status has managed to DOWN CURRENCIES AUD, NZD, GBP.
- GBPUSD PRICE can be UP to 1.2910 LEVEL before DOWN. Then you can DOWN to 1.2558 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP can be to 1.3192 LEVEL.