JinDao_Tai

GBP/USD Outlook (01 June 2021)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards.

Bank of England Governor Bailey will be speaking later at 2300 (GMT+8). During this time, there may be volatility in GBP.

Currently, GBP/USD is testing to break above the key level of 1.42. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.
Look for short-term selling opportunities of GBP/USD if it bounced down from the key level of 1.42.

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