JinDao_Tai

GBP/USD Outlook (12 November 2021)

Short
FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards. Recently, GBP/USD broke the support zone of 1.34000.

The UK Preliminary GDP q/q data (Actual: 1.3%, Forecast: 1.5%, Previous: 5.5% revised from 4.8%) released yesterday indicated a slowdown in economic growth during the third quarter of this year.

Bank of England committee member Haskel will be speaking later at 2200 (GMT+8).

GBP/USD’s next support zone is at 1.32200 and the next resistance zone is at 1.34000.
Look for short-term selling opportunities of GBP/USD.

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