JinDao_Tai

GBP/USD Outlook (04 June 2021)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.42.

The UK Final Services PMI data (Actual: 62.9, Forecast: 61.8, Previous: 61.8) released yesterday indicated a slight upward revision in the rate of expansion of the services sector in May.

The UK Construction PMI data (Forecast: 61.9, Previous: 61.6) will be released later at 1630 (GMT+8).

Currently, GBP/USD is testing to break below the key level of 1.41. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.
If GBP/USD breaks below the key level of 1.41, look for short-term selling opportunities of GBP/USD up until the release of the U.S. jobs report later at 2030 (GMT+8).

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