Get started
JinDao_Tai

GBP/USD Outlook (06 October 2021)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD Contains image
7
0
trendanalysis forex macro technical trend gbpusd containsimage
Overall, GBP/USD is trending downwards.

The UK Construction PMI data (Forecast: 53.9, Previous: 55.2) will be released later at 1630 (GMT+8).

Currently, GBP/USD is testing the resistance zone of 1.36000 and the next support zone is at 1.34000.
Look for selling opportunities of GBP/USD if it rejects the resistance zone of 1.36000.
Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.