GBP/USD Outlook (17 August 2021)

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GBP/USD Outlook (17 August 2021)

ByJin Dao Tai

 AUG 17, 2021

GBP/USD Outlook (17 August 2021)

Overall, GBP/USD is ranging across.

The UK employment data will be released later at 1400 (GMT+8).

  • Average Earnings Index 3m/y (Forecast: 8.6%, Previous: 7.35)
  • Claimant Count Change (Forecast: TBA, Previous: -114.8K)
  • Unemployment Rate (Forecast: 4.8%, Previous: 4.8%)

Currently, GBP/USD is moving towards the support zone of 1.38000 and the next resistance zone is at 1.40000.

Look for short-term buying opportunities of GBP/USD if it bounces off the support zone of 1.38000.


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