GBPUSD Movement
On Friday, the GBP marginally rose 0.11% against the USD and closed at 1.5613.
In the Asian session, at GMT0300, the pair is trading at 1.5622, with the GBP trading a tad higher from Friday’s close.
The pair is expected to find support at 1.5554, and a fall through could take it to the next support level of 1.5486. The pair is expected to find its first resistance at 1.5684, and a rise through could take it to the next resistance level of 1.5747.
Going forward, investors will eye Britain’s manufacturing activity data, scheduled in a few hours to get better insights in the UK economy.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
