JinDao_Tai

GBP/USD Outlook (07 February 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending downwards. Recently, GBP/USD trended lower, breaking the support level of 1.29900.
GBP/USD’s next support level is at 1.27800 and the next resistance level is at 1.29900.
As the U.S. Non-Farm Payroll data will be released later at 2130 (SGT), look for selling opportunities of GBP/USD if the data release is positive.

Free trading community: discord.gg/kPDXU2ZaDt
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.