GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.60% against the USD and closed at 1.3197 on Friday, after European Union leaders granted a two weeks extension to Prime Minister Theresa May for ruling out the Brexit deal.
In the Asian session, at GMT0400, the pair is trading at 1.3193, with the GBP trading marginally lower against the USD from Friday’s close.
The pair is expected to find support at 1.3108, and a fall through could take it to the next support level of 1.3023. The pair is expected to find its first resistance at 1.3251, and a rise through could take it to the next resistance level of 1.3309.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
