GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.99% against the USD and closed at 1.4216.
In the Asian session, at GMT0400, the pair is trading at 1.4259, with the GBP trading 0.31% higher from Friday’s close.
The pair is expected to find support at 1.4134, and a fall through could take it to the next support level of 1.4009. The pair is expected to find its first resistance at 1.4400, and a rise through could take it to the next resistance level of 1.4540.
Moving ahead, market participants will look forward to UK’s mortgage approvals data for December and seasonally adjusted Markit manufacturing PMI for January, due to release in a few hours.
The currency pair is trading above its 20 Hr moving average and below its 50 Hr moving average.
