GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.5240.
In the Asian session, at GMT0400, the pair is trading at 1.5221, with the GBP trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 1.5191, and a fall through could take it to the next support level of 1.5161. The pair is expected to find its first resistance at 1.5277, and a rise through could take it to the next resistance level of 1.5332.
Going forward, investors are likely to remain focused on the BoE’s crucial quarterly inflation report, scheduled in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
