GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.60% against the USD and closed at 1.4338, ahead of UK’s post-Brexit trade negotiations with the EU starting this week.
In the Asian session, at GMT0300, the pair is trading at 1.4339, with the GBP trading slightly higher against the USD from yesterday’s close.
The pair is expected to find support at 1.4266, and a fall through could take it to the next support level of 1.4193. The pair is expected to find its first resistance at 1.4383, and a rise through could take it to the next resistance level of 1.4427.
Trading trend in the Pound today is expected to be determined by the release of UK’s ILO unemployment rate data for the three months to February, due to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
