Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.34 due to the strengthening of USD after the release of the positive U.S. flash PMI data.
The UK flash PMI data released yesterday indicated a faster pace of expansion in the manufacturing sector while services sector falls back into contraction in November due to the return of lockdown measure in the UK.
The UK HM Treasury will be releasing the Autumn forecast statement today.
GBP/USD’s next support zone is at 1.32200 and the next resistance zone is at 1.34600.
Look for short-term buying opportunities of GBP/USD.
The UK flash PMI data released yesterday indicated a faster pace of expansion in the manufacturing sector while services sector falls back into contraction in November due to the return of lockdown measure in the UK.
- Flash Manufacturing PMI (Actual: 55.2, Forecast: 50.5, Previous: 53.7 revised from 53.3)
- Flash Services PMI (Actual: 55.2, Forecast: 43.2, Previous: 51.4 revised from 52.3)
The UK HM Treasury will be releasing the Autumn forecast statement today.
GBP/USD’s next support zone is at 1.32200 and the next resistance zone is at 1.34600.
Look for short-term buying opportunities of GBP/USD.