GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.65% against the USD and closed at 1.3866.
In the Asian session, at GMT0400, the pair is trading at 1.3857, with the GBP trading 0.13% lower from Friday’s close.
The pair is expected to find support at 1.3783, and a fall through could take it to the next support level of 1.3710. The pair is expected to find its first resistance at 1.3987, and a rise through could take it to the next resistance level of 1.4118.
Going ahead, investors await the release of UK’s mortgage approvals data for January, due for release in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
