GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.22% against the USD and closed at 1.6038.
The pair opened the Asian session at 1.6036, and is trading at 1.6054 at 4.00GMT. The pair is trading 0.10% higher from the New York session close.
The pair has its first short term resistance at 1.6094, followed by the next resistance at 1.6134. The first support is at 1.5998, with the subsequent support at 1.5942.
Trading trends in the pair today are expected to be influenced by series of economic releases in the UK such as consumer price index, DCLG house price index, and the retail price index.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
