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GBP/USD Outlook (14 March 2022)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
filatovarthur  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex forexsignals forextrading GBPUSD
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trendanalysis forex forexsignals forextrading gbpusd
Overall, GBP/USD is trending downwards.

The UK GDP m/m data (Actual: 0.8%, Forecast: 0.1%, Previous: -0.2%) released last Friday indicated a strong rebound in UK’s economic growth in January.

Currently, GBP/USD is the support zone of 1.30400 and the next resistance zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.
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