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GBP/USD Outlook (16 August 2021)

Long
British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD Contains image
5
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trendanalysis forex macro technical trend gbpusd containsimage
Overall, GBP/USD is ranging across. Recently, GBP/USD rejected the support zone of 1.38000 due to the weakening of USD after the release of the poor Preliminary UoM Consumer Sentiment data.

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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