GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.6230, as uncertainty continues to loom over the Scottish independence referendum.
In the Asian session, at GMT0300, the pair is trading at 1.6237, with the GBP trading marginally higher from yesterday’s close.
The pair is expected to find support at 1.6216, and a fall through could take it to the next support level of 1.6194. The pair is expected to find its first resistance at 1.6264, and a rise through could take it to the next resistance level of 1.629.
Going forward, investors would keep a close eye on Britain’s crucial consumer price index (CPI) data, set for release in a few hours.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
