JinDao_Tai

GBP/USD Outlook (12 March 2021)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is ranging across. Recently, GBP/USD trended into the resistance zone of 1.40000.

The UK GDP m/m data (Forecast: -4.9%, Previous: 1.2%) will be released later at 1500 (SGT).

Currently, GBP/USD is testing the resistance zone of 1.40000 and the next support zone is at 1.37800.
Look for selling opportunities of GBP/USD if it bounces off the resistance zone of 1.40000.

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