Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.36000.

Bank of England committee member Broadbent will be speaking later at 1630 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is testing to break above the key level of 1.37. Its 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 if it breaks above the key level of 1.37.


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

close

Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 5.00 out of 5)
Loading...

Rate an article for points!

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.

Leave a Reply

Your email address will not be published. Required fields are marked *