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GBP/USD Outlook (02 February 2021)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards.

The UK Final Manufacturing PMI data (Actual: 54.1, Forecast: 52.9, Previous: 52.9) released yesterday indicated an upwards revision to the PMI of the manufacturing sector in January.

Currently, GBP/USD is moving towards the key level of 1.37. Its next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for short-term buying opportunities of GBP/USD if it breaks above the key level of 1.37.

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