GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.2813 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.2815, with the GBP trading a tad higher against the USD from Friday’s close.
The pair is expected to find support at 1.2780, and a fall through could take it to the next support level of 1.2745. The pair is expected to find its first resistance at 1.2866, and a rise through could take it to the next resistance level of 1.2917.
Trading trend in the Sterling today is expected to be determined by UK’s BBA mortgage approvals for October, slated to release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
