Overall, GBP/USD is trending upwards. Recently, GBP/USD rejected the resistance zone of 1.38000.
The UK Retail Sales m/m data (Actual: -0.2%, Forecast: 0.6%, Previous: -0.6% revised from -0.9%) released last Friday indicated continued decline in consumer spending in September. Also, the UK flash PMI data released indicated a faster pace of expansion in business activities in October due to the rolling back of COVID restrictions.
Bank of England committee member Tenreyro will be speaking later at 2100 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is moving towards the resistance zone of 1.38000 and the next support zone is at 1.36000. Look for short-term buying opportunities of GBP/USD if it breaks the resistance zone of 1.38000.