GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5277.
In the Asian session, at GMT0300, the pair is trading at 1.5246, with the GBP trading 0.20% lower from yesterday’s close.
The pair is expected to find support at 1.5187, and a fall through could take it to the next support level of 1.5129. The pair is expected to find its first resistance at 1.5314, and a rise through could take it to the next resistance level of 1.5383.
With not much on the domestic economic calendar during the day, the direction of the Sterling Dollar is likely to be determined from external factors.
The currency pair is trading below its 20 Hr moving average and is showing convergence with its 50 Hr moving average.
