Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced down from the key level of 1.35.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.5%, Previous: 0.0% revised from -0.2%) released last Friday indicated a higher-than-expected rise in consumer spending in October.
GBP/USD’s next support zone is at 1.33800 and the next resistance zone is at 1.36000.
Look for short-term selling opportunities of GBP/USD.
The UK Retail Sales m/m data (Actual: 0.8%, Forecast: 0.5%, Previous: 0.0% revised from -0.2%) released last Friday indicated a higher-than-expected rise in consumer spending in October.
GBP/USD’s next support zone is at 1.33800 and the next resistance zone is at 1.36000.
Look for short-term selling opportunities of GBP/USD.