JinDao_Tai

GBP/USD Outlook (03 June 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher into the resistance zone of 1.26000.

The UK Final Services PMI data (Forecast: 27.9, Previous: 27.8) will be released later at 1630 (SGT).

G7 meetings will be held today. There may be volatility during the meetings.

Currently, GBP/USD is testing the resistance zone of 1.26000 and the next support zone is at 1.24400.
Look for buying opportunities of GBP/USD if it breaks the resistance zone of 1.26000.

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