GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.40% against the USD, on Friday, and closed at 1.5430.
In the UK, according to the survey conducted by mortgage lender, Halifax, house prices fell 0.9% (MoM) in December.
In the Asian session, at GMT0400, the pair is trading at 1.5409, with the GBP trading 0.14% lower from Friday’s close.
The pair is expected to find support at 1.5348, and a fall through could take it to the next support level of 1.5287. The pair is expected to find its first resistance at 1.5498, and a rise through could take it to the next resistance level of 1.5587.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
