For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.3057 on Friday, amid diminishing possibilities of a no-deal Brexit.
In the Asian session, at GMT0400, the pair is trading at 1.3069, with the GBP trading 0.09% higher against the USD from Friday’s close.
The pair is expected to find support at 1.2998, and a fall through could take it to the next support level of 1.2927. The pair is expected to find its first resistance at 1.3110, and a rise through could take it to the next resistance level of 1.3151.
With no macroeconomic releases in UK today, investors would look forward to global macroeconomic releases for further directions.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.