GBP/USD: Pound trading marginally higher in the Asian session


GBPUSD Movement

For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3322.

In the Asian session, at GMT0400, the pair is trading at 1.3325, with the GBP trading a tad higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3296, and a fall through could take it to the next support level of 1.3266. The pair is expected to find its first resistance at 1.3369, and a rise through could take it to the next resistance level of 1.3412.

Looking ahead, investors would focus on UK’s Nationwide house prices data for November, due to release in a while.

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

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