GBPMYR fell 0.84% this Wednesday, after reaching a strong resistance level at 5.75, the highest level since 2017. The price action is still contained in a consolidation area, but the break below 5.66 could initiate the next impulse to the downside.
From a technical point of view, the GBP could remain weak against the Malaysian Ringgit for the next few weeks. This scenario could change according to the Industrial Production to be release on April 9th, where investors expect a 1.2% growth compared to the last period.
