GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.19% against the USD and closed at 1.5923, as investors hoped that the Euro-zone finance ministers would unlock Greece’s next tranche of bailout funds offsetting a downgrade on France by ratings agency Moody’s.
In the Asian session, at GMT0400, the pair is trading at 1.5904, with the GBP trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1.5890, and a fall through could take it to the next support level of 1.5876. The pair is expected to find its first resistance at 1.5927, and a rise through could take it to the next resistance level of 1.5950.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
