Singapore

2020-08-21 17:13

Market analysisGBP/USD Outlook (21 August 2020)
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Market analysis:
Overall, GBP/USD is trending upwards. Recently, GBP/USD rejected the key level of 1.31 and moved higher into the resistance zone of 1.32200. The UK flash PMI data will be released later at 1630 (SGT). -Flash Manufacturing PMI (Forecast: 54.0, Previous: 53.3 revised from 53.6) -Flash Services PMI (Forecast: 57.0, Previous: 56.5 revised from 56.6) Currently, GBP/USD is testing the resistance zone of 1.32200 and the next support zone is at 1.30000. Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.32200.
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GBP/USD Outlook (21 August 2020)
Singapore | 2020-08-21 17:13
Overall, GBP/USD is trending upwards. Recently, GBP/USD rejected the key level of 1.31 and moved higher into the resistance zone of 1.32200. The UK flash PMI data will be released later at 1630 (SGT). -Flash Manufacturing PMI (Forecast: 54.0, Previous: 53.3 revised from 53.6) -Flash Services PMI (Forecast: 57.0, Previous: 56.5 revised from 56.6) Currently, GBP/USD is testing the resistance zone of 1.32200 and the next support zone is at 1.30000. Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.32200.

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