2020-09-21 19:50
Market analysisGBP/USD Outlook (21 September 2020)
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Market analysis：
Overall, GBP/USD is trending downwards. Recently, GBP/USD is ranging across.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.8%, Previous: 3.7% revised from 3.6%) released last Friday indicated a slowdown in consumer spending in August.
Currently, GBP/USD is moving towards the resistance zone of 1.30000 and the next support zone is at 1.28000.
Look for selling opportunities of GBP/USD if it bounced off the resistance zone of 1.30000.
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GBP/USD Outlook (21 September 2020)
Singapore | 2020-09-21 19:50Overall, GBP/USD is trending downwards. Recently, GBP/USD is ranging across.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.8%, Previous: 3.7% revised from 3.6%) released last Friday indicated a slowdown in consumer spending in August.
Currently, GBP/USD is moving towards the resistance zone of 1.30000 and the next support zone is at 1.28000.
Look for selling opportunities of GBP/USD if it bounced off the resistance zone of 1.30000.
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