GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.3088 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.3103, with the GBP trading 0.11% higher against the USD from Friday’s close.
The pair is expected to find support at 1.3054, and a fall through could take it to the next support level of 1.3005. The pair is expected to find its first resistance at 1.3147, and a rise through could take it to the next resistance level of 1.3191.
Overnight data showed that UK’s Rightmove house price index rose 4.6% on a yearly basis in August, compared to a rise of 3.7% in the prior month.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
