GBP/USD Outlook (08 April 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD broke the support zone of 1.38000.

The UK final services PMI data (Actual: 56.3, Forecast: 56.8, Previous: 56.8) released yesterday indicated a slight downward revision in the services PMI for March.

The UK Construction PMI data (Forecast: 55.0, Previous: 53.3) will be released later at 1630 (SGT).

Currently, GBP/USD is moving towards the resistance zone of 1.38000 and the next support zone is at 1.36000.
Look for selling opportunities of GBP/USD if it bounces off the resistance zone of 1.38000.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!

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