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

The UK Retail Sales m/m data (Actual: -0.9%, Forecast: 0.5%, Previous: -2.8% revised from -2.5%) released last Friday indicated that consumer spending in August continues to decline albeit at a slower pace.

GBP/USD’s next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term selling opportunities of GBP/USD.

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


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By Jin Dao Tai

JinDao Tai is an Entrepreneur, Award-Winning Forex Coach & Trainer, International Speaker and Multi-Million Dollar Trader. Starting out his career as an economic & financial consultant in Australia, one day he decided to change his life and pivoted into multiple entrepreneurship endeavours and eventually into managing a multi-million dollar portfolio.

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