2020-09-07 17:56
Market analysisGBP/USD Outlook (07 September 2020)
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Market analysis：
Overall, GBP/USD is trending upwards. Recently, GBP/USD moved into the support zone of 1.32200.
The UK Construction PMI data (Actual: 54.6, Forecast: 58.5, Previous: 58.1) released last Friday indicated a slowdown in the expansion of the construction sector.
Currently, GBP/USD is testing the support zone of 1.32200 and the next resistance zone is at 1.34600.
Look for selling opportunities if GBP/USD breaks the support zone of 1.32200.
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GBP/USD Outlook (07 September 2020)
Singapore | 2020-09-07 17:56Overall, GBP/USD is trending upwards. Recently, GBP/USD moved into the support zone of 1.32200.
The UK Construction PMI data (Actual: 54.6, Forecast: 58.5, Previous: 58.1) released last Friday indicated a slowdown in the expansion of the construction sector.
Currently, GBP/USD is testing the support zone of 1.32200 and the next resistance zone is at 1.34600.
Look for selling opportunities if GBP/USD breaks the support zone of 1.32200.
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