GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.4420.
In the Asian session, at GMT0400, the pair is trading at 1.4404, with the GBP trading 0.11% lower from yesterday’s close.
The pair is expected to find support at 1.4364, and a fall through could take it to the next support level of 1.4324. The pair is expected to find its first resistance at 1.4460, and a rise through could take it to the next resistance level of 1.4517.
Going ahead, market participants will keep a close watch on the BoE’s interest rate decision, scheduled to be announced later in the day, for further cues.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
