Overall, GBP/USD is trending downwards. Bank of England Governor Bailey will be speaking later at 1600 (GMT+8) and 1700 (GMT+8). During these times, there may be volatility in GBP. Currently, GBP/USD is moving towards the support zone of 1.38000 and the next resistance zone is at 1.40000.
Look for short-term selling opportunities of GBP/USD if it breaks the support zone of 1.38000.



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