2020-08-19 18:12
Market analysisGBP/USD Outlook (19 August 2020)
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Market analysis：
Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the resistance zone of 1.32000.
The UK CPI y/y data will be released later at 1400 (SGT).
-CPI y/y (Forecast: 0.6%, Previous: 0.6%)
-Core CPI y/y (Forecast: 1.3%, Previous: 1.4%)
Currently, GBP/USD is moving towards the support zone of 1.32000 and the next resistance zone is at 1.34600.
Look for buying opportunities of GBP/USD if it bounces off the support zone of 1.32000.
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GBP/USD Outlook (19 August 2020)
Singapore | 2020-08-19 18:12Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the resistance zone of 1.32000.
The UK CPI y/y data will be released later at 1400 (SGT).
-CPI y/y (Forecast: 0.6%, Previous: 0.6%)
-Core CPI y/y (Forecast: 1.3%, Previous: 1.4%)
Currently, GBP/USD is moving towards the support zone of 1.32000 and the next resistance zone is at 1.34600.
Look for buying opportunities of GBP/USD if it bounces off the support zone of 1.32000.
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