For the 24 hours to 23:00 GMT, the GBP declined 0.54% against the USD and closed at 1.3013 on Friday, after the British Prime Minster, Theresa May, warned that UK could face crisis, if MPs rejected her Brexit deal next week.
In the Asian session, at GMT0400, the pair is trading at 1.2974, with the GBP trading 0.30% lower against the USD from Friday’s close.
The pair is expected to find support at 1.2920, and a fall through could take it to the next support level of 1.2867. The pair is expected to find its first resistance at 1.3068, and a rise through could take it to the next resistance level of 1.3163.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
