GBP USD
For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.5776.
In the UK, public sector net borrowing posted a surplus of £1.795 billion in July, following a revised £12.203 billion deficit in June.
In the Asian session, at GMT0300, the pair is trading at 1.5779, with the GBP trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.5728, and a fall through could take it to the next support level of 1.5677. The pair is expected to find its first resistance at 1.5817, and a rise through could take it to the next resistance level of 1.5855.
With no major release from the UK, the trading in the pair is expected to be influenced from the outcome of the FOMC meeting minutes in the day ahead.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
