GBP/USD Price Analysis: Cable could still be in the middle trend reversal | 4 minutes ago | By Rajan Dhall, MSTA
GBP/USD trades 0.18% lower on Tuesday and the next major support is at 1.3010.
Tomorrows UK GDP number could cause some volatility.
GBP/USD 1-hour chart
Cable has been trading slightly softer on Tuesday but #GBP is not the major underperformer in the G6. Tomorrow could be a big session for #GBP as the latest prelim GDP figures are set to be released. The analysts surveyed are estimating a fall of 22.4% for the year on year figure. Today the latest employment figures didn’t really make for good reading but the number is largely redundant as the furlough scheme is still running.
Looking closer at the chart, the key feature is the black upward …

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