GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.4% against the USD and closed at 1.3398.
In the Asian session, at GMT0300, the pair is trading at 1.3387, with the GBP trading 0.08% lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3352, and a fall through could take it to the next support level of 1.3316. The pair is expected to find its first resistance at 1.3435, and a rise through could take it to the next resistance level of 1.3482.
Moving ahead, a speech by the Bank of England’s Governor, Mark Carney, due in a few hours, will garner a lot of market attention.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
