ByJin Dao Tai
AUG 19, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD weakened after the release of the hawkish Federal Reserve meeting minutes.
The UK CPI y/y data (Actual: 2.0%, Forecast: 2.3%, Previous: 2.5%) released yesterday indicated a slowdown in annual inflation but still in line with the Bank of England’s target.
GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term selling opportunities of GBP/USD.
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