GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.4225.
In the Asian session, at GMT0400, the pair is trading at 1.4211, with the GBP trading 0.1% lower from yesterday’s close.
The pair is expected to find support at 1.411, and a fall through could take it to the next support level of 1.401. The pair is expected to find its first resistance at 1.4281, and a rise through could take it to the next resistance level of 1.4352.
Moving ahead, UK’s retail sales data for December, slated to release in a few hours, will grab a lot of market attention.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
