GBPUSD Movement
For the 24 hours to 23:00 GMT on Friday, GBP rose 0.38% against the USD and closed at 1.6174.
In the Asian session, at GMT0400, the pair is trading at 1.6172, with the GBP trading marginally lower from Friday’s close.
This morning in the UK, the Rightmove indicated that the average asking price for a home in the UK declined 3.3% (MoM) in December, following a 2.6% drop in the previous month.
The pair is expected to find support at 1.6121, and a fall through could take it to the next support level of 1.6071. The pair is expected to find its first resistance at 1.6211, and a rise through could take it to the next resistance level of 1.6250.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
