Note

GBP/USD Outlook (14 May 2021)

· Views 261

#OPINIONLEADER#


GBP/USD Outlook (14 May 2021)

ByJin Dao Tai

 MAY 14, 2021

GBP/USD Outlook (14 May 2021)

Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the support zone of 1.40000.

During his speech yesterday, Bank of England (BoE) Governor Bailey said that with the growing level of optimism, if the central bank’s forecasts were to hold, the UK economy will recover back to the pre-COVID levels by the end of this year. Governor Bailey also highlighted that higher inflation is unlikely going to persist.

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.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.