Overall, GBP/USD is ranging across.
The UK Preliminary GDP q/q (Actual: 4.8%, Forecast: 4.8%, Previous: -1.6% revised from -1.5%) released yesterday indicated a rebound in the UK economy during the second quarter from the first quarter’s negative growth.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
The UK Preliminary GDP q/q (Actual: 4.8%, Forecast: 4.8%, Previous: -1.6% revised from -1.5%) released yesterday indicated a rebound in the UK economy during the second quarter from the first quarter’s negative growth.
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.