2020-09-09 16:48
Market analysisGBP/USD Outlook (09 September 2020)
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Market analysis：
Overall, GBP/USD is ranging across. Recently, GBP/USD plunged after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England.
As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal.
Currently, GBP/USD is testing to break the support zone of 1.30000 and the next resistance zone is at 1.32200.
Look for selling opportunities if GBP/USD breaks the support zone of 1.30000.
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GBP/USD Outlook (09 September 2020)
Singapore | 2020-09-09 16:48Overall, GBP/USD is ranging across. Recently, GBP/USD plunged after the intense Brexit trade talk led to the market speculating on the possibility of an interest rate cut by the Bank of England.
As of now, UK Prime Minister Boris Johnson is planning to override the Brexit Withdrawal Agreement and has emphasized that if a trade deal fails to be finalized by 15 October, the UK will just walk away without any deal.
Currently, GBP/USD is testing to break the support zone of 1.30000 and the next resistance zone is at 1.32200.
Look for selling opportunities if GBP/USD breaks the support zone of 1.30000.
Forex
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