GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.5609.
In the Asian session, at GMT0300, the pair is trading at 1.5604, with the GBP trading marginally lower from yesterday’s close.
The pair is expected to find support at 1.5572, and a fall through could take it to the next support level of 1.554. The pair is expected to find its first resistance at 1.5637, and a rise through could take it to the next resistance level of 1.567.
Amid no major economic release today in the UK, trading trends in the Pound are expected to be determined by global macroeconomic news.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
