GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose slightly against the USD and closed at 1.5372.
Economic data out from the UK showed that mortgage approvals rose less-than-expected in June, but still hit the highest level since February 2012.
According to the British Bankers’ Association (BBA), mortgage approvals in the UK rose to 37.3K in June, against the expected rise to 38.3K and from 36.3K approvals registered in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.5360, with the GBP trading modestly lower from yesterday’s close.
The pair is expected to find support at 1.5326, and a fall through could take it to the next support level of 1.5292. The pair is expected to find its first resistance at 1.5394, and a rise through could take it to the next resistance level of 1.5428.
Economic calendar for the UK almost empty, the CBI industrial trends survey orders data would be the only data to gain market attention today.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
