GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3954.
In the Asian session, at GMT0400, the pair is trading at 1.3960, with the GBP trading a tad higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3864, and a fall through could take it to the next support level of 1.3768. The pair is expected to find its first resistance at 1.4028, and a rise through could take it to the next resistance level of 1.4096.
Going ahead, traders would focus on UK’s Halifax house prices data for January, due to release in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
