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JinDao_Tai
Jul 22, 2021 12:36 AM

GBP/USD Outlook (22 July 2021) Long

British Pound/U.S. DollarFXCM

Description

Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.36000.

Bank of England committee member Broadbent will be speaking later at 1630 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is testing to break above the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term buying opportunities of GBP/USD if it breaks above the key level of 1.37.
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