ByJin Dao Tai
MAY 17, 2021
Overall, GBP/USD is trending upwards. Recently, GBP/USD trended up into the key level of 1.41 after the release of the poor U.S. retail sales data.
Several Bank of England committee members will be speaking later from 2215 (SGT) onwards. During this time, there may be volatility in GBP.
Currently, GBP/USD is testing to break above the key level of 1.41. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.41.
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