ByJin Dao Tai
JUN 10, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD weakened after the EU threatened to take retaliatory actions on the UK for the latter’s refusal to implement post-Brexit trading arrangements in Northern Ireland.
Bank of England committee member Haldane will be speaking later at 2005 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is moving towards the key level of 1.41. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.
Look for short-term selling opportunities of GBP/USD if it breaks below the key level of 1.41.
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