2020-09-22 18:20
Market analysisGBP/USD Outlook (22 September 2020)
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Market analysis：
Overall, GBP/USD is trending downwards. Recently, GBP/USD plunged below the key level of 1.29 after a strengthening in USD due to an increase in demand caused by a strong sell-off in various stock markets.
The Bank of England Governor Andrew Bailey will be speaking at a webinar later at 1530 (SGT). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.28000 and the next resistance zone is at 1.30000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.28000.
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GBP/USD Outlook (22 September 2020)
Singapore | 2020-09-22 18:20Overall, GBP/USD is trending downwards. Recently, GBP/USD plunged below the key level of 1.29 after a strengthening in USD due to an increase in demand caused by a strong sell-off in various stock markets.
The Bank of England Governor Andrew Bailey will be speaking at a webinar later at 1530 (SGT). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing the support zone of 1.28000 and the next resistance zone is at 1.30000.
Look for selling opportunities of GBP/USD if it breaks the support zone of 1.28000.
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