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GBP/USD Outlook (21 December 2020) for FX:GBPUSD by Jin_LCMSTraders — TradingView

  • December 21, 2020
  • Posted by: virtualxstore
  • Category: trading
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Overall, GBP/USD is ranging across. Recently, GBP/USD gapped below the support zone of 1.34600 after it was reported that a new COVID-19 strain in Britain is up to 70% more transmissible than the original.

The UK Retail Sales m/m data (Actual: -3.8%, Forecast: -4.0%, Previous: 1.3% revised from 1.2%) released last Friday indicated a strong decline in consumer spending due to the return of nationwide lockdown in November.

GBP/USD’s next support zone is at 1.34600 and the next resistance zone is at 1.38160.

Look for short-term selling opportunities of GBP/USD .

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