GBPUSD Movement
On Friday, the GBP declined 0.46% against the USD and closed at 1.5183.
In the Asian session, at GMT0300, the pair is trading at 1.5191, with the GBP trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.5145, and a fall through could take it to the next support level of 1.5099. The pair is expected to find its first resistance at 1.5257, and a rise through could take it to the next resistance level of 1.5324.
Going forward, market participants would focus on UK’s industrial and manufacturing production figures, along with the BoE’s monetary policy meeting, scheduled during the week.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
