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GBP/USD: Downside Likely

Published at: Mar 15, 2022

Overall, GBP/USD is trending downwards.

The UK GDP m/m data released last Friday indicated a strong rebound in UK’s economic growth in January.

Currently, GBP/USD is the support zone of 1.30400 and the next resistance zone is at 1.32200. Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.30400.

GBP/USD 4-hour chart technical analysis.

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GBP/USD: Downside Likely

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