GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose marginally against the USD, on Friday, and closed at 1.6030.
In the Asian session, at GMT0400, the pair is trading at 1.6023, with the GBP trading slightly lower from Friday’s close.
The pair is expected to find support at 1.5954, and a fall through could take it to the next support level of 1.5884. The pair is expected to find its first resistance at 1.6085, and a rise through could take it to the next resistance level of 1.6146.
Trading trends in the pair today are expected to be determined by Halifax house price data in the UK.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
