GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.71% against the USD and closed at 1.4116, as the probability of successful Brexit referendum increased after the Brussels attacks.
In the Asian session, at GMT0400, the pair is trading at 1.4099, with the GBP trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1.4050, and a fall through could take it to the next support level of 1.4002. The pair is expected to find its first resistance at 1.418, and a rise through could take it to the next resistance level of 1.4260.
Moving ahead, investors would focus on UK’s retail sales data, scheduled in a few hours for further direction in the Pound.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
