GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP rose 0.87% against the USD and closed at 1.5841.
In the Asian session, at GMT0400, the pair is trading at 1.5843, with the GBP trading 0.01% higher from Friday’s close.
This morning, the Rightmove reported that average asking prices in the UK rose 1.6% (MoM) in March.
The pair is expected to find support at 1.5741, and a fall through could take it to the next support level of 1.5638. The pair is expected to find its first resistance at 1.5903, and a rise through could take it to the next resistance level of 1.5963.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
