GBP/USD Outlook (07 December 2021)
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.32200.
The UK Construction PMI data (Actual: 55.5, Forecast: 54.9, Previous: 54.6) released yesterday indicated a faster pace of expansion in the construction sector in November.
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD.
The UK Construction PMI data (Actual: 55.5, Forecast: 54.9, Previous: 54.6) released yesterday indicated a faster pace of expansion in the construction sector in November.
GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800.
Look for short-term selling opportunities of GBP/USD.