GBPUSD Movement
On Friday, GBP fell 0.69% against the USD and closed at 1.5171.
The Rightmove house prices data from the UK released over the weekend indicated an improvement in the UK housing market. On an annual basis, the house price index rose 2.5% in May, following a 0.4% increase recorded in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.5198, with the GBP trading 0.18% higher from Friday’s close.
The pair is expected to find support at 1.5149, and a fall through could take it to the next support level of 1.5099. The pair is expected to find its first resistance at 1.5256, and a rise through could take it to the next resistance level of 1.5313.
The currency pair is showing convergence with its 20 Hr moving average and is trading below its 50 Hr moving average.
