For the 24 hours to 23:00 GMT, the GBP rose 1.07% against the USD and closed at 1.2659.
In the Asian session, at GMT0300, the pair is trading at 1.2676, with the GBP trading 0.13% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.2568, and a fall through could take it to the next support level of 1.2460. The pair is expected to find its first resistance at 1.2734, and a rise through could take it to the next resistance level of 1.2792.
Moving ahead, traders would keep a watch on UK’s public sector net borrowing for June, slated to release in a few hours.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
