ByJin Dao Tai
AUG 24, 2021
Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the support zone of 1.36000 and broke above the key level of 1.37.
The UK flash PMI data released yesterday indicated a slowdown in business activities amid supply shortages affecting output growth.
- Flash Manufacturing PMI (Actual: 60.1, Forecast: 59.5, Previous: 60.4)
- Flash Services PMI (Actual: 55.5, Forecast: 59.0, Previous: 59.6 revised from 57.8)
GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term buying opportunities of GBP/USD.
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