GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose a tad against the USD and closed at 1.3237.
In the Asian session, at GMT0300, the pair is trading at 1.3235, with the GBP trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1.3204, and a fall through could take it to the next support level of 1.3172. The pair is expected to find its first resistance at 1.3280, and a rise through could take it to the next resistance level of 1.3324.
Looking forward, traders await the release of UK’s latest average weekly earnings and ILO unemployment rate data, set to release in a while. Also, the Bank of England (BoE) Governor Mark Carney’s speech, will keep investors on their toes.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
