GBPUSD Movement
For the 24 hours to 23:00 GMT, GBP rose 0.42% against the USD and closed at 1.6134.
The pair opened the Asian session at 1.6134, and is trading at 1.6126 at 3.00GMT. The pair is trading 0.05% lower from yesterday’s close at 23:00 GMT.
The pair has its first short term resistance at 1.6184, followed by the next resistance at 1.6243. The first support is at 1.6061, with the subsequent support at 1.5997.
Investors are eying Bank of England (BoE) minutes and Nationwide consumer confidence data to be released later today.
The currency pair is showing convergence with its 20 Hr moving average and is trading just above its 50 Hr moving average.
