Overall, GBP/USD is ranging across. Recently, GBP/USD trended higher into the resistance zone of 1.25000.
Earlier today, White House trade adviser Peter Navarro made a comment on the U.S.-China trade deal, causing a short duration of risk-off mentality taken up by market participants before recovering after he clarified that his comments were “taken wildly out of context” and were not about the Phase 1 trade deal.
The UK flash PMI data will be released later at 1600 (SGT).
GBP/USD’s next support zone is at 1.22400 and the next resistance zone is at 1.25000.
Look for buying opportunities of GBP/USD.
Earlier today, White House trade adviser Peter Navarro made a comment on the U.S.-China trade deal, causing a short duration of risk-off mentality taken up by market participants before recovering after he clarified that his comments were “taken wildly out of context” and were not about the Phase 1 trade deal.
The UK flash PMI data will be released later at 1600 (SGT).
- Flash Services PMI (Forecast: 39.1, Previous: 29.0 revised from 27.8)
- Flash Manufacturing PMI (Forecast: 45.2, Previous: 40.7 revised from 40.6)
GBP/USD’s next support zone is at 1.22400 and the next resistance zone is at 1.25000.
Look for buying opportunities of GBP/USD.