GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP rose 0.17% against the USD and closed at 1.5689.
In the Asian session, at GMT0300, the pair is trading at 1.5695, with the GBP trading 0.03% higher from Friday’s close.
This morning in the UK, Hometrack housing index rose 0.2% (MoM) in May compared to the rise of 0.1% in April.
The pair is expected to find support at 1.5650, and a fall through could take it to the next support level of 1.5606. The pair is expected to find its first resistance at 1.5719, and a rise through could take it to the next resistance level of 1.5744.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
