2020-09-14 18:20
Market analysisGBP/USD Outlook (14 September 2020)
Related product：
Forex
Market analysis：
Overall, GBP/USD is trending downwards.
The UK GDP m/m data (Actual: 6.6%, Forecast: 6.6%, Previous: 8.7%) released last Friday indicated continued growth in the UK economy in August. Despite the third consecutive month of continued growth, the economy has only recovered just over half of the damage caused by COVID-19.
Today, the Internal Market Bill will be tabled in the UK Parliament. During this time, volatility is expected in GBP.
Currently, GBP/USD is testing the support zone of 1.28000 and the next resistance zone is at 1.30000.
Look for short-term selling opportunities if GBP/USD breaks the support zone of 1.28000.
Like 0
Jin_Forex
Trader
Hot content
Industry
Event-A comment a day,Keep rewards worthy up to$27
Industry
Nigeria Event Giveaway-Win₦5000 Mobilephone Credit
Industry
Nigeria Event Giveaway-Win ₦2500 MobilePhoneCredit
Industry
South Africa Event-Come&Win 240ZAR Phone Credit
Industry
Nigeria Event-Discuss Forex&Win2500NGN PhoneCredit
Industry
[Nigeria Event]Discuss&win 2500 Naira Phone Credit
Forum category
Platform
Exhibition
Agent
Recruitment
EA
Industry
Market
Index
GBP/USD Outlook (14 September 2020)
Singapore | 2020-09-14 18:20Overall, GBP/USD is trending downwards.
The UK GDP m/m data (Actual: 6.6%, Forecast: 6.6%, Previous: 8.7%) released last Friday indicated continued growth in the UK economy in August. Despite the third consecutive month of continued growth, the economy has only recovered just over half of the damage caused by COVID-19.
Today, the Internal Market Bill will be tabled in the UK Parliament. During this time, volatility is expected in GBP.
Currently, GBP/USD is testing the support zone of 1.28000 and the next resistance zone is at 1.30000.
Look for short-term selling opportunities if GBP/USD breaks the support zone of 1.28000.
Forex
Like 0
I want to comment, too
Submit
0Comments
There is no comment yet. Make the first one.
Submit
There is no comment yet. Make the first one.