GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.2629, amid ongoing Brexit uncertainty.
In the Asian session, at GMT0300, the pair is trading at 1.2628, with the GBP trading a tad lower against the USD from yesterday’s close.
The pair is expected to find support at 1.2603, and a fall through could take it to the next support level of 1.2578. The pair is expected to find its first resistance at 1.2662, and a rise through could take it to the next resistance level of 1.2696.
Moving ahead, traders would await UK’s GfK consumer confidence and Lloyds business barometer for May, slated to release overnight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
