21 May GBPUSD outlook: Potential reversal seenBritish Pound / U.S. DollarFOREXCOM:GBPUSDChartingGenieGBPUSD remained under pressure as softer-than-expected UK inflation and signs of a cooling labor market reinforced expectations for a more cautious Bank of England policy outlook. Headline inflation eased to 2.8% in April following the introduction of the UK energy price cap, while services and core inflation also came in below expectations, reducing pressure on the BOE to continue tightening aggressively. Meanwhile, weaker labor market data, including a rise in unemployment and slowing wage growth, added to concerns over the strength of the UK economy despite elevated energy prices. However, persistent geopolitical tensions and rising energy costs may continue to fuel inflation risks and limit expectations for aggressive monetary easing, keeping GBPUSD volatile amid shifting central bank and global risk sentiment. GBPUSD is approaching the daily FVG at around 1.3480. A reversal below this zone may prompt GBPUSD to approach the support at 1.3300. Conversely, breaking above 1.3480 may prompt the price to advance toward the resistance at 1.3550. By Li Xing Gan, Financial Markets Strategist Consultant to Exness