GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP fell 0.31% against the USD and closed at 1.5687.
In the Asian session, at GMT0300, the pair is trading at 1.5691, with the GBP trading marginally higher from Friday’s close.
This morning, in the UK, the Rightmove house prices fell 2.4% (MoM) in August, following a 1.7% fall in July.
The pair is expected to find support at 1.5665, and a fall through could take it to the next support level of 1.5638. The pair is expected to find its first resistance at 1.5727, and a rise through could take it to the next resistance level of 1.5762.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
