Overall, GBP/USD is ranging across. Recently, GBP/USD traded into the resistance zone of 1.36000.
The UK CPI y/y data (Actual: 5.5%, Forecast: 5.4%, Previous: 5.4%) released yesterday indicated continued rise in inflation at a faster pace in January.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
Look for short-term buying opportunities of GBP/USD if it breaks the resistance zone of 1.36000.
The UK CPI y/y data (Actual: 5.5%, Forecast: 5.4%, Previous: 5.4%) released yesterday indicated continued rise in inflation at a faster pace in January.
Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.33800.
Look for short-term buying opportunities of GBP/USD if it breaks the resistance zone of 1.36000.
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