#OPINIONLEADER#

FOREX FORECAST - ANALYSISFOREX MARKET NEWSGBPUSD TECHNICAL ANALYSIS TODAY

ByJin Dao Tai

 APR 23, 2021

Overall, GBP/USD is ranging across. Recently, GBP/USD broke below the key level of 1.39 and bounced off the support zone of 1.38000.

The UK Retail Sales m/m data (Forecast: 1.5%, Previous: 2.1%) will be released later at 1400 (SGT).

The UK flash PMI data will be released later at 1630 (SGT).

• Flash Manufacturing PMI (Forecast: 59.0, Previous: 58.9 revised from 57.9)
• Flash Services PMI (Forecast: 58.9, Previous: 56.3 revised from 56.8)

GBP/USD’s next support zone is at 1.38000 and the next resistance zone is at 1.40000.

Look for short-term buying opportunities of GBP/USD up until the release of the flash PMI data.

Be sure to follow me on Twitter at @jdtai and on TradingView at Jin_LCMSTraders for my latest post!