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GBP/USD Outlook (09 November 2021)

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD Contains image
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trendanalysis forex macro technical trend gbpusd containsimage
Overall, GBP/USD is trending downwards. Recently, GBP/USD broke above the key level of 1.35.

Bank of England Governor Bailey will be speaking tomorrow at 0000 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is moving towards the resistance zone of 1.36000 and its support zone is at 1.34000.
Look for selling opportunities of GBP/USD if it bounces off the resistance zone of 1.36000.
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