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GBP/USD Outlook (11 May 2021)

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GBP/USD Outlook (11 May 2021)

ByJin Dao Tai

 MAY 11, 2021

GBP/USD Outlook (11 May 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD broke the resistance zone of 1.40000.

Bank of England Governor Bailey will be speaking later at 2230 (SGT). During this time, there may be volatility in GBP.

GBP/USD’s next support zone is at 1.40000 and the next resistance zone is at 1.43500.

Look for buying opportunities of GBP/USD.

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