JinDao_Tai

GBP/USD Outlook (12 June 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD trended lower into the support zone of 1.26000.

The UK GDP m/m data (Forecast: -18.6%, Previous: -5.8%) will be released later at 1400 (SGT).

GBP/USD’s next support zone is at 1.26000 and the next resistance zone is at 1.28000.
Look for buying opportunities of GBP/USD if it rejects the support zone of 1.26000.

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