Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the resistance zone of 1.26500 and broke below the key level of 1.26.
The UK GDP m/m data (Forecast: 5.5%, Previous: -20.4%) will be released later at 1400 (SGT).
GBP/USD’s next support zone is at 1.25000 and the next resistance zone is at 1.26500.
Look for short-term buying opportunities of GBP/USD if the released GDP data is better than or as forecasted.
The UK GDP m/m data (Forecast: 5.5%, Previous: -20.4%) will be released later at 1400 (SGT).
GBP/USD’s next support zone is at 1.25000 and the next resistance zone is at 1.26500.
Look for short-term buying opportunities of GBP/USD if the released GDP data is better than or as forecasted.