GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.5599.
In the Asian session, at GMT0300, the pair is trading at 1.5612, with the GBP trading 0.08% higher from yesterday’s close.
The pair is expected to find support at 1.5529, and a fall through could take it to the next support level of 1.5445. The pair is expected to find its first resistance at 1.5655, and a rise through could take it to the next resistance level of 1.5697.
Moving ahead, UK’s inflation data, scheduled in a few hours will likely lead to volatility in British Pound.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
