JinDao_Tai

GBP/USD Outlook (02 March 2022)

Short
FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is ranging across. Recently, GBP/USD broke the support zone of 1.33800.

Bank of England committee member Tenreyro and Cunliffe will be speaking tomorrow at 0230 (GMT+8) and 0400 (GMT+8) respectively. During these times, there may be volatility in GBP.

Currently, GBP/USD is bouncing up from the key level of 1.33. Its next support zone is at 1.32200 and the next resistance zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD only when it trades below the key level of 1.33.

Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.