Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the support zone of 1.38000 after the release of the U.S. CPI data that signifies a slowdown in inflation.
The UK Preliminary GDP q/q (Forecast: 4.8%, Previous: -1.6% revised from -1.5%) will be released later at 1400 (GMT+8).
Currently, GBP/USD is moving up towards the key level of 1.39. Its next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD if it breaks above the key level of 1.39.
The UK Preliminary GDP q/q (Forecast: 4.8%, Previous: -1.6% revised from -1.5%) will be released later at 1400 (GMT+8).
Currently, GBP/USD is moving up towards the key level of 1.39. Its next support zone is at 1.38000 and the next resistance zone is at 1.40000.
Look for short-term buying opportunities of GBP/USD if it breaks above the key level of 1.39.
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