GBPUSD Movement
On Friday, GBP fell 0.92% against the USD and closed at 1.4901, as strong US employment figures supported the greenback.
In the Asian session, at GMT0300, the pair is trading at 1.4874, with the GBP trading 0.18% lower from Friday’s close.
The pair is expected to find support at 1.4804, and a fall through could take it to the next support level of 1.4734. The pair is expected to find its first resistance at 1.4998, and a rise through could take it to the next resistance level of 1.5122.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
