Overall, GBP/USD is ranging across. Recently, GBP/USD moved down into the support zone of 1.38000 after the release of the strong U.S. retail sales data.
The UK Retail Sales m/m data (Forecast: 0.5%, Previous: -2.5%) will be released later at 1400 (GMT+8).
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.
The UK Retail Sales m/m data (Forecast: 0.5%, Previous: -2.5%) will be released later at 1400 (GMT+8).
Currently, GBP/USD is testing the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.