GBP/USD Outlook (19 February 2021)

Overall, GBP/USD is trending upwards. Recently, GBP/USD broke above the key level of 1.39.

The UK retail sales m/m data (Forecast: -3.0%, Previous: 0.3%) will be released later at 1500 (SGT).

Also, the UK flash PMI data will be released later at 1730 (SGT).

• Flash Services PMI (Forecast: 42.1, Previous; 39.5 revised from 38.8)
  
• Flash Manufacturing PMI (Forecast: 53.1, Previous; 54.1 revised from 52.9)
  

GBP/USD’s next support zone is at 1.37800 and the next resistance zone is at 1.40000.
Look for buying opportunities of GBP/USD.