GBP/USD Outlook (03 May 2021)

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GBP/USD Outlook (03 May 2021)

ByJin Dao Tai

 MAY 3, 2021

GBP/USD Outlook (03 May 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD broke below the key level of 1.39 and bounced off the support zone of 1.38000.

UK banks will be closed today in observance of May Day. Expect lower trading volatility and volume during the usual London market hours.

GBP/USD next support zone is at 1.38000 and the next resistance zone is at 1.40000.

Look for buying opportunities of GBP/USD.

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