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GBP/USD Outlook (22 July 2021)

Long
FX:GBPUSD   Livre sterling / Dollar américain
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.36000.

Bank of England committee member Broadbent will be speaking later at 1630 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is testing to break above the key level of 1.37. Its next support zone is at 1.36000 and the next resistance zone is at 1.38000.
Look for short-term buying opportunities of GBP/USD if it breaks above the key level of 1.37.

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