GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3125 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.3141, with the GBP trading 0.12% higher from Friday’s close.
The pair is expected to find support at 1.3093, and a fall through could take it to the next support level of 1.3045. The pair is expected to find its first resistance at 1.3166, and a rise through could take it to the next resistance level of 1.3191.
Later in the day, market participants will look forward to the release of UK’s net consumer credit and mortgage approvals data, both for September, for further direction.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
