Overall, GBP/USD is ranging across. Recently, GBP/USD broke the support zone of 1.38000.
The UK Retail Sales m/m data (Actual: -0.9%, Forecast: 0.5%, Previous: -2.8% revised from -2.5%) released last Friday indicated that consumer spending in August continues to decline albeit at a slower pace.
GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000. Look for short-term selling opportunities of GBP/USD.