GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.30% against the USD and closed at 1.5462.
In the UK, this morning, the BRC retail sales rose 2.2% (YoY) in December. Additionally, the RICS house price balance stood at -16.0 in December, compared to -17.0 in November.
In the Asian session, at GMT0400, the pair is trading at 1.5472, with the GBP trading 0.07% higher from yesterday’s close.
The pair is expected to find support at 1.5425, and a fall through could take it to the next support level of 1.5377. The pair is expected to find its first resistance at 1.5498, and a rise through could take it to the next resistance level of 1.5525.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
