GBP/USD Outlook (13 January 2022)
Overall, GBP/USD is trending upwards. Recently, GBP/USD broke the resistance zone of 1.36000 after the release of the strong U.S. inflation data, leading to the weakening of USD.
Bank of England committee member Mann will be speaking later at 1645 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing to break above the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.37.
Bank of England committee member Mann will be speaking later at 1645 (GMT+8). During this time, there may be volatility in GBP.
Currently, GBP/USD is testing to break above the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.37.