GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.2925, ahead of the outcome of Brexit talks.
In the Asian session, at GMT0400, the pair is trading at 1.2901, with the GBP trading 0.19% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2882, and a fall through could take it to the next support level of 1.2864. The pair is expected to find its first resistance at 1.2929, and a rise through could take it to the next resistance level of 1.2958.
Going ahead, traders wold keep an eye on UK’s average weekly earnings and ILO unemployment rate, both for December, set to release in a few hours.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
