For the 24 hours to 23:00 GMT, the GBP rose 0.17% against the USD and closed at 1.3524.
In the Asian session, at GMT0300, the pair is trading at 1.3565, with the GBP trading 0.30% higher against the USD from yesterday’s close.
The pair is expected to find support at 1.3491, and a fall through could take it to the next support level of 1.3417. The pair is expected to find its first resistance at 1.3604, and a rise through could take it to the next resistance level of 1.3643.
Looking forward, market participants would await a speech by the Bank of England’s (BoE) Chief Economist, Andrew Haldane, due later in the day.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.