GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP rose 1.02% against the USD and closed at 1.5669, as risk appetite in general rose following the announcement of new measures announced at the EU summit.
In the Asian session, at GMT0300, the pair is trading at 1.5659, with the GBP trading 0.06% lower from Friday’s close.
The pair is expected to find support at 1.5558, and a fall through could take it to the next support level of 1.5457. The pair is expected to find its first resistance at 1.5738, and a rise through could take it to the next resistance level of 1.5817.
Manufacturing purchasing manager index in the UK is the key economic indicator scheduled for release today.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
