GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5122.
In the Asian session, at GMT0400, the pair is trading at 1.5172, with the GBP trading 0.33% higher from yesterday’s close.
The pair is expected to find support at 1.5114, and a fall through could take it to the next support level of 1.5055. The pair is expected to find its first resistance at 1.5209, and a rise through could take it to the next resistance level of 1.5245.
Going ahead, market participants will concentrate on Britain’s ILO unemployment rate data for September and the BoE Governor, Mark Carney’s speech, scheduled to be released in a few hours for further cues.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
