GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.44% against the USD and closed at 1.3796.
In the Asian session, at GMT0400, the pair is trading at 1.3786, with the GBP trading 0.07% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3739, and a fall through could take it to the next support level of 1.3691. The pair is expected to find its first resistance at 1.3827, and a rise through could take it to the next resistance level of 1.3867.
Moving ahead, UK’s crucial consumer price inflation for December, slated to release in a few hours, would pique significant amount of investor attention.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
