Overall, GBP/USD is trending downwards.
The UK GDP m/m data (Actual: 0.8%, Forecast: 0.1%, Previous: -0.2%) released last Friday indicated a strong rebound in UK’s economic growth in January.
Currently, GBP/USD is the support zone of 1.30400 and the next resistance zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.
The UK GDP m/m data (Actual: 0.8%, Forecast: 0.1%, Previous: -0.2%) released last Friday indicated a strong rebound in UK’s economic growth in January.
Currently, GBP/USD is the support zone of 1.30400 and the next resistance zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.