GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.2788.
In the Asian session, at GMT0400, the pair is trading at 1.2756, with the GBP trading 0.25% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2722, and a fall through could take it to the next support level of 1.2687. The pair is expected to find its first resistance at 1.2790, and a rise through could take it to the next resistance level of 1.2823.
Moving ahead, traders would closely monitor UK’s Halifax house prices for December, slated to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
