ByJin Dao Tai
MAY 10, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD trended into the resistance zone of 1.40000.
The UK Construction PMI data (Actual: 61.6, Forecast: 62.0, Previous: 61.7) released last Friday indicated that the construction sector continues to expand in April at around the same pace as in March.
Currently, GBP/USD is testing the resistance zone of 1.40000 and the next support zone is at 1.38000.
Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.40000.
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