GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.57% against the USD and closed at 1.6178.
The pair opened the Asian session at 1.6178, and is trading at 1.6099 at 4.00GMT. The pair is trading 0.49% lower from the New York session close.
The pair has its first short term resistance at 1.6185, followed by the next resistance at 1.6272. The first support is at 1.6026, with the subsequent support at 1.5954.
Trading trends in the pair today are expected to be determined by data release such as CB leading indicator index and DCLG house price index in the UK.
The currency pair showing convergence with its 20 Hr moving average and is trading above its 50 Hr moving average.
