JinDao_Tai

GBP/USD Outlook (09 April 2021)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is ranging across.

The UK Construction PMI data (Actual: 61.7, Forecast: 55.0, Previous: 53.3) released yesterday indicated that the construction sector expands at the fastest pace since September 2014.

Currently, GBP/USD is moving towards the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for selling opportunities of GBP/USD if it breaks below the key level of 1.37.

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