GBPUSD Movement
On Friday, GBP fell 0.09% against the USD and closed at 1.5960.
In economic news, UK’s CB leading economic index rose 1.2% in September, following a 0.7% rise seen in the preceding month.
In the Asian session, at GMT0300, the pair is trading at 1.5981, with the GBP trading 0.13% higher from Friday’s close.
The pair is expected to find support at 1.5935, and a fall through could take it to the next support level of 1.5889. The pair is expected to find its first resistance at 1.6015, and a rise through could take it to the next resistance level of 1.6049.
Amid lack of economic releases from the UK, traders are eyeing global economic news for further guidance in the pair.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
