GBP/USD Outlook (16 November 2021)
ByJin Dao Tai
NOV 16, 2021
Overall, GBP/USD is trending downwards.
The UK employment data will be released later at 1500 (GMT+8).
- Average Earnings Index 3m/y (Forecast: 6.0%, Previous: 7.2%)
- Claimant Count Change (Forecast: TBA, Previous: -51.1K)
- Unemployment Rate (Forecast: 4.4%, Previous: 4.5%)
Currently, GBP/USD is testing the resistance zone of 1.34000 and the next support zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it rejects the resistance zone of 1.34000.
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