GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.38% against the USD and closed at 1.3383.
Data indicated that the UK CBI industrial trends orders remained unchanged at 17 in December from the last month. Market had expected CBI industrial trends orders to dip slightly to 15.
In the Asian session, at GMT0400, the pair is trading at 1.3380, with the GBP trading a tad lower from yesterday’s close.
The pair is expected to find support at 1.3335, and a fall through could take it to the next support level of 1.3289. The pair is expected to find its first resistance at 1.3422, and a rise through could take it to the next resistance level of 1.3463.
With no economic data scheduled in the UK today, trading in the currency pair would be governed by global macroeconomic events.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
