GBP/USD: British Pound trading a tad lower in the Asian session


GBPUSD Movement

For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2678, after MPs rejected a motion to block no-deal Brexit.

In the Asian session, at GMT0300, the pair is trading at 1.2674, with the GBP trading marginally lower against the USD from yesterday’s close.

The pair is expected to find support at 1.2655, and a fall through could take it to the next support level of 1.2635. The pair is expected to find its first resistance at 1.2701, and a rise through could take it to the next resistance level of 1.2727.

Looking ahead, investors would keep an eye on the Bank of England Governor Mark Carney’s speech, due in a few hours.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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