Overall, GBP/USD is ranging across. Recently, GBP/USD broke the resistance zone of 1.34600.
The UK CPI y/y data released yesterday indicated a slowdown in the rate of inflation.
GBP/USD’s next support zone is at 1.34600 and the next resistance zone is at 1.38160.
With the ongoing negotiation of the post-Brexit trade deal, look for short-term buying opportunities of GBP/USD.
The UK CPI y/y data released yesterday indicated a slowdown in the rate of inflation.
- CPI y/y (Actual: 0.3%, Forecast: 0.6%, Previous: 0.7%)
- Core CPI y/y (Actual: 1.1%, Forecast: 1.4%, Previous: 1.5%)
- Flash Manufacturing PMI (Actual: 57.3, Forecast: 55.9, Previous: 55.6 revised from 55.2)
- Flash Services PMI (Actual: 49.9, Forecast: 50.5, Previous: 47.6 revised from 45.8)
GBP/USD’s next support zone is at 1.34600 and the next resistance zone is at 1.38160.
With the ongoing negotiation of the post-Brexit trade deal, look for short-term buying opportunities of GBP/USD.
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