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GBP/USD Outlook (22 April 2021)

British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD
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trendanalysis forex macro technical trend gbpusd
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced up from the key level of 1.39.

The UK CPI data released yesterday an increase in annual inflation.
  • CPI y/y (Actual: 0.7%, Forecast: 0.8%, Previous: 0.4%)
  • Core CPI y/y (Actual: 1.1%, Forecast: 1.1%, Previous: 0.9%)
GBP/USD’s next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD.
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