GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.4133 on Friday.
In the Asian session, at GMT0300, the pair is trading at 1.4164, with the GBP trading 0.22% higher against the USD from Friday’s close.
The pair is expected to find support at 1.4109, and a fall through could take it to the next support level of 1.4053. The pair is expected to find its first resistance at 1.4196, and a rise through could take it to the next resistance level of 1.4227.
Moving ahead, traders would eye UK’s BBA mortgage approvals data for February, scheduled to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
