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


GBPUSD Movement

For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.4017 on Friday.

In the Asian session, at GMT0300, the pair is trading at 1.4022, with the GBP trading slightly higher against the USD from Friday’s close.

The pair is expected to find support at 1.3983, and a fall through could take it to the next support level of 1.3945. The pair is expected to find its first resistance at 1.4073, and a rise through could take it to the next resistance level of 1.4125.

Amid no macroeconomic releases in the UK today, investor sentiment would be determined by global macroeconomic events.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

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