Overall, GBP/USD is trending downwards. Recently, GBP/USD trended into the resistance zone of 1.38000.
The UK Final GDP q/q data (Actual: 1.3%, Forecast: 1.0%, Previous: 1.0%) released yesterday indicated an upwards revision in the level of economic growth during the fourth quarter of 2020.
UK banks will be closed tomorrow in observance of Good Friday. Expect lower trading volatility and volume during the usual London market hours.
Currently, GBP/USD is testing the resistance zone of 1.38000 and the next support zone is at 1.36000.
Look for selling opportunities of GBP/USD if it rejects the resistance zone of 1.38000.
The UK Final GDP q/q data (Actual: 1.3%, Forecast: 1.0%, Previous: 1.0%) released yesterday indicated an upwards revision in the level of economic growth during the fourth quarter of 2020.
UK banks will be closed tomorrow in observance of Good Friday. Expect lower trading volatility and volume during the usual London market hours.
Currently, GBP/USD is testing the resistance zone of 1.38000 and the next support zone is at 1.36000.
Look for selling opportunities of GBP/USD if it rejects the resistance zone of 1.38000.