GBPUSD Movement
For the 24 hours to 23:00 GMT, the GBP rose 0.47% against the USD and closed at 1.2827.
In the Asian session, at GMT0400, the pair is trading at 1.2833, with the GBP trading 0.05% higher against the USD from yesterday’s close.
On the data front, UK’s Rightmove house price index retreated 1.7% on a monthly basis in November, following an advance of 1.0% in the preceding month.
The pair is expected to find support at 1.2781, and a fall through could take it to the next support level of 1.2728. The pair is expected to find its first resistance at 1.2882, and a rise through could take it to the next resistance level of 1.2930.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
