Hong Kong
2020-07-14 17:58
Market analysisGBP/USD Outlook (14 July 2020)
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Market analysis:
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.
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GBP/USD Outlook (14 July 2020)
Hong Kong | 2020-07-14 17:58
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.
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