GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.3115, amid hopes for a UK-EU Brexit deal.
In the economic news, UK’s CBI trends total orders declined to a level of -1.0 in September. The total orders had registered a level of 7.0 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3106, with the GBP trading 0.07% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3057, and a fall through could take it to the next support level of 1.3008. The pair is expected to find its first resistance at 1.3161, and a rise through could take it to the next resistance level of 1.3216.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
