GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 1.1% against the USD and closed at 1.2274 on Friday.
In the Asian session, at GMT0400, the pair is trading at 1.2244, with the GBP trading 0.24% lower against the USD from Friday’s close.
The pair is expected to find support at 1.2190, and a fall through could take it to the next support level of 1.2137. The pair is expected to find its first resistance at 1.2347, and a rise through could take it to the next resistance level of 1.2451.
Moving ahead, market participants await the release of UK’s Halifax house prices for December, due in a few hours.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
