GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.3407.
In the Asian session, at GMT0400, the pair is trading at 1.3420, with the GBP trading 0.1% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3383, and a fall through could take it to the next support level of 1.3347. The pair is expected to find its first resistance at 1.3443, and a rise through could take it to the next resistance level of 1.3467.
Going ahead, traders would keep a close watch on the release of UK’s BBA mortgage approvals for November, due in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
