GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.5560.
On the macro front, Nationwide reported that the seasonally adjusted UK house prices rose 0.20% on a monthly basis in December, compared to a rise of 0.30% in the prior month. Market anticipations were for house prices to advance 0.20%.
In the Asian session, at GMT0400, the pair is trading at 1.5563, with the GBP trading tad higher from yesterday’s close.
The pair is expected to find support at 1.5517, and a fall through could take it to the next support level of 1.5471. The pair is expected to find its first resistance at 1.5593, and a rise through could take it to the next resistance level of 1.5624.
Amid no economic releases from the UK scheduled today, investors would pay attention to global news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
