JinDao_Tai

GBP/USD Outlook (16 November 2021)

Short
FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards.

The UK employment data will be released later at 1500 (GMT+8).
  • Average Earnings Index 3m/y (Forecast: 6.0%, Previous: 7.2%)
  • Claimant Count Change (Forecast: TBA, Previous: -51.1K)
  • Unemployment Rate (Forecast: 4.4%, Previous: 4.5%)

Currently, GBP/USD is testing the resistance zone of 1.34000 and the next support zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.34000.

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