JinDao_Tai

GBP/USD Outlook (13 October 2021)

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

G20 meetings will be held today.

The UK GDP data (Forecast: 0.5%, Previous: 0.1%) will be released later at 1400 (GMT+8).

Bank of England committee member Cunliffe will be speaking later at 2230 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.34000.
If GBP/USD rejects the resistance zone of 1.36000, look for short-term selling opportunities up until the release of the meeting minutes by the FOMC tomorrow at 0200 (GMT+8).

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