Overall, GBP/USD is trending downwards. Recently, GBP/USD trended down into the support zone of 1.38000.
The UK Retail Sales m/m data (Actual: -1.4%, Forecast: 1.5%, Previous: 9.2%) released last Friday indicated a decline in consumer spending in May.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
The UK Retail Sales m/m data (Actual: -1.4%, Forecast: 1.5%, Previous: 9.2%) released last Friday indicated a decline in consumer spending in May.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
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