Overall, GBP/USD is moving across. Recently, GBP/USD trended lower, breaking the support level of 1.30100, tested and rejected the support level of 1.28700.
The U.K. GDP m/m data (Forecast: 0.2%, Previous: 0.3%) will be released later at 1730 (SGT).
With the current issue of the coronavirus outbreak, it is unlikely that the data release will have a big impact on price unless the data differs by a wide range.
The U.K. Treasury will be releasing their annual budget later at 1930 (SGT).
GBP/USD’s next support level is at 1.28700 and the next resistance level is at 1.30100.
Stay out of GBP/USD for now.
The U.K. GDP m/m data (Forecast: 0.2%, Previous: 0.3%) will be released later at 1730 (SGT).
With the current issue of the coronavirus outbreak, it is unlikely that the data release will have a big impact on price unless the data differs by a wide range.
The U.K. Treasury will be releasing their annual budget later at 1930 (SGT).
GBP/USD’s next support level is at 1.28700 and the next resistance level is at 1.30100.
Stay out of GBP/USD for now.