GBP/USD Update


•GBP/USD declined below 1.3400 after weaker than expected UK GDP data. The pair currently  trading around 1.3386 and broadly in between the 1.3445 to 1.3360 range.

•In our analysis yesterday, we predict a rebound to 1.3445 and the price moved exactly the same fashion.

•Support: 1.3360, 1.3320 & 1.3250

•Resistance: 1.3445 & 1.3495-1.3520

•Next move will determine by the US data [US personal incomes and outlays] at 12.30 GMT.