GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3566 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.3568, with the GBP trading marginally higher against the USD from Friday’s close.
The pair is expected to find support at 1.3533, and a fall through could take it to the next support level of 1.3497. The pair is expected to find its first resistance at 1.3595, and a rise through could take it to the next resistance level of 1.3621.
Looking ahead, traders would keep a close watch on UK’s Halifax house prices for December, scheduled to release in a few hours.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
