GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.3020.
On the data front, UK’s RICS house price balance declined to its lowest level since April 2013, after rose 5.0% in July, lower than market expectations of a 6.0% rise and following a revised rise of 15.0% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3013, with the GBP trading marginally lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2969, and a fall through could take it to the next support level of 1.2926. The pair is expected to find its first resistance at 1.3075, and a rise through could take it to the next resistance level of 1.3138.
Moving ahead, UK’s CB leading economic index data is due to release later this day.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
