GBP/USD Outlook (16 August 2021)

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Overall, GBP/USD is ranging across. Recently, GBP/USD rejected the support zone of 1.38000 due to the weakening of USD after the release of the poor Preliminary UoM Consumer Sentiment data.

GBP/USD’s 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.