GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.46% against the USD and closed at 1.3193.
On the data front, UK’s CBI industrial trends total orders eased to a level of -5.0 in August, compared to market expectations for a fall to a level of -10.0 and following a level of -4.0 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3178, with the GBP trading 0.11% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3135, and a fall through could take it to the next support level of 1.3091. The pair is expected to find its first resistance at 1.3216, and a rise through could take it to the next resistance level of 1.3253.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
