Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced of the resistance zone of 1.40000.
During the UK Annual Budget release yesterday, it was announced that the furlough scheme will be extended until the end of September.
The UK construction PMI data (Forecast: 51.1, Previous: 49.2) will be released later at 1730 (SGT).
GBP/USD’s next support zone is at 1.37800 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD.
During the UK Annual Budget release yesterday, it was announced that the furlough scheme will be extended until the end of September.
The UK construction PMI data (Forecast: 51.1, Previous: 49.2) will be released later at 1730 (SGT).
GBP/USD’s next support zone is at 1.37800 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD.