GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.37% against the USD and closed at 1.5696.
In the Asian session, at GMT0300, the pair is trading at 1.5710, with the GBP trading 0.09% higher from yesterday’s close.
The pair is expected to find support at 1.5654, and a fall through could take it to the next support level of 1.5599. The pair is expected to find its first resistance at 1.5793, and a rise through could take it to the next resistance level of 1.5875.
Trading trends in the Pound today are expected to be determined by the number of mortgage loans approved in the UK as well as CBI survey report of realized sales in the country, scheduled to be released later in the day.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
