GBP/USD: Trading Higher This Morning

GBP/USD: Trading Higher This Morning

For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.5893, as traders turned optimistic that policymakers in the US would reach a deal in order to avert the “fiscal cliff”.

In the Asian session, at GMT0400, the pair is trading at 1.5918, with the GBP trading 0.16% higher from yesterday’s close.

The pair is expected to find support at 1.5896, and a fall through could take it to the next support level of 1.5875. The pair is expected to find its first resistance at 1.5930, and a rise through could take it to the next resistance level of 1.5943.