NEWS: GBPUSD price increased 0.4% as the US dollar weakened following Moody’s downgrade of the US credit rating from Aaa to Aa1, citing rising debt and interest costs.
Possible Scenarios:
If GBPUSD fails to breach through R2 of 1.33730, our Research Department expects the GBPUSD to undergo a short- term downward correction.
If GBPUSD manages to break above its R2 of 1.33730, our Research Department expects the GBPUSD to extend its gains to its R3 of 1.34061.
Support and Resistance Levels:
GBPUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.31855 |
1.32186 |
1.32517 |
1.32958 |
1.33399 |
1.33730 |
1.34061 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €88.92 |
(+/-) £74.8 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.12458
***GBP/USD = 1.33694
Calculations for exchange rate used as of Friday, May 19, 2025, 09:10 (GMT+1)