GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.55% against the USD and closed at 1.5272.
In the Asian session, at GMT0300, the pair is trading at 1.5288, with the GBP trading 0.11% higher from yesterday’s close.
Overnight economic release showed that retail sales across all sectors in the UK unexpectedly slipped 1.0% on an annual basis in August. Retail sales across all sectors had registered.
The pair is expected to find support at 1.5209, and a fall through could take it to the next support level of 1.5130. The pair is expected to find its first resistance at 1.5330, and a rise through could take it to the next resistance level of 1.5371.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
