GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.74% against the USD, on Friday, and closed at 1.5477.
In the UK, the British Bankers’ Association reported that the number of loans approved for house purchases increased to 35,226 in August, from 33,734 in July.
The pair opened the Asian session at 1.5476, and is trading at 1.5461 at 3.00GMT. GBP is trading 0.10% lower versus USD from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.5512, followed by the next resistance at 1.5562. The first support is at 1.5393, with the subsequent support at 1.5324.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
