GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP fell 0.21% against the USD and closed at 1.3270 on Friday.
In economic news, UK’s goods trade deficit narrowed to a level of £11.8 billion in July, after reporting a revised goods trade deficit of £12.9 billion in the previous month.
In the Asian session, at GMT0300, the pair is trading at 1.3264, with the GBP trading marginally lower against the USD from Friday’s close.
The pair is expected to find support at 1.3222, and a fall through could take it to the next support level of 1.3180. The pair is expected to find its first resistance at 1.3321, and a rise through could take it to the next resistance level of 1.3378.
Amid no crucial economic releases in the UK today, investors will look forward to the nation’s consumer price index data for August, scheduled to release tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
