GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.5109.
In the Asian session, at GMT0300, the pair is trading at 1.5106, with the GBP trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.5061, and a fall through could take it to the next support level of 1.5016. The pair is expected to find its first resistance at 1.5154, and a rise through could take it to the next resistance level of 1.5202.
With not much on the domestic economic calendar ahead in the day, the direction of the Sterling is likely to be determined from the data releases in Europe and the US.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
