GBP/USD Outlook (22 April 2021)

Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced up from the key level of 1.39.

The UK CPI data released yesterday an increase in annual inflation.

• CPI y/y (Actual: 0.7%, Forecast: 0.8%, Previous: 0.4%)
  
• Core CPI y/y (Actual: 1.1%, Forecast: 1.1%, Previous: 0.9%)
  

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.