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JinDao_Tai
Nov 18, 2020 5:48 AM

GBP/USD Outlook (18 November 2020) 

British Pound/U.S. DollarFXCM

Description

Overall, GBP/USD is trending upwards.

The UK CPI y/y data will be released later at 1500 (SGT).
  • CPI y/y (Forecast: 0.5%, Previous: 0.5%)
  • Core CPI y/y (Forecast: 1.3%, Previous: 1.3%)

Currently, GBP/USD is testing the resistance zone of 1.32200 and the next support zone is at 1.30400.
Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone of 1.32200.
Comments
GrizzlyBearBee
The UK CPI has been better than that of its European neighbours... The only downside is further lockdown
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