GBP/USD Outlook (17 January 2022)

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Overall, GBP/USD is trending upwards. Recently, GBP/USD broke below the key level of 1.37.

The UK GDP m/m data (Actual: 0.9%, Forecast: 0.4%, Previous: 0.2% revised from 0.1%) released last Friday indicated that the UK economy expanded at a faster pace during November.

GBP/USD’s 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.

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