GBP/USD: Sterling trading higher, ahead of crucial economic data


GBPUSD Movement

For the 24 hours to 23:00 GMT, the GBP rose 0.38% against the USD and closed at 1.3143.

In the Asian session, at GMT0300, the pair is trading at 1.3158, with the GBP trading 0.11% higher against the USD from yesterday’s close.

The pair is expected to find support at 1.3073, and a fall through could take it to the next support level of 1.2989. The pair is expected to find its first resistance at 1.3202, and a rise through could take it to the next resistance level of 1.3247.

Looking ahead, investors would await UK’s trade balance data, gross domestic product, industrial production and manufacturing production, all for August, slated to release in a few hours.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

This entry was posted in GBP/USD. Bookmark the permalink.

Comments are closed.