GBPUSD Movement
On Friday, GBP declined 0.82% against the USD and closed at 1.6299.
In a historic event, Scotland rejected independence and voted to remain in the UK.
Separately, global rating agency, Moody’s confirmed its “Aa1” rating for the UK, with a “Stable” outlook.
In the Asian session, at GMT0300, the pair is trading at 1.6358, with the GBP trading 0.36% higher from Friday’s close.
The pair is expected to find support at 1.6253, and a fall through could take it to the next support level of 1.6149. The pair is expected to find its first resistance at 1.6494, and a rise through could take it to the next resistance level of 1.6631.
Amid a light economic calendar this week from the UK, Pound traders would look for data from other economies.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
