Overall, GBP/USD is ranging across. Recently, GBP/USD bounced up from the key level of 1.37.
The UK GDP m/m data (Actual: 0.4%, Forecast: 0.5%, Previous: -2.2% revised from -2.9%) released yesterday indicated a recovery in economic growth in February as UK companies were preparing for the easing of COVID-19 lockdown.
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.
The UK GDP m/m data (Actual: 0.4%, Forecast: 0.5%, Previous: -2.2% revised from -2.9%) released yesterday indicated a recovery in economic growth in February as UK companies were preparing for the easing of COVID-19 lockdown.
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.
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