GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.72% against the USD and closed at 1.4934, extending its previous session gains.
In the Asian session, at GMT0300, the pair is trading at 1.4929, with the GBP trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.4836, and a fall through could take it to the next support level of 1.4744. The pair is expected to find its first resistance at 1.4997, and a rise through could take it to the next resistance level of 1.5065.
Trading trends in the Pound today are expected to be determined by Britain’s ILO unemployment rate data, scheduled in a few hours.
The currency pair is trading above with its 20 Hr and 50 Hr moving averages.
