GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.2904, as British lawmakers approved a legislation to hold a snap election in December.
In the Asian session, at GMT0400, the pair is trading at 1.2933, with the GBP trading 0.22% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2875, and a fall through could take it to the next support level of 1.2817. The pair is expected to find its first resistance at 1.2962, and a rise through could take it to the next resistance level of 1.2991.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
