ByJin Dao Tai
MAY 14, 2021
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the support zone of 1.40000.
During his speech yesterday, Bank of England (BoE) Governor Bailey said that with the growing level of optimism, if the central bank’s forecasts were to hold, the UK economy will recover back to the pre-COVID levels by the end of this year. Governor Bailey also highlighted that higher inflation is unlikely going to persist.
GBP/USD’s next support zone is at 1.40000 and the next resistance zone is at 1.43500.
Look for buying opportunities of GBP/USD.
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