GBP/USD Outlook (03 August 2020)

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

U.K. Prime Minister Boris Johnson announced last Friday that the initial scheduled relaxation of COVID-19 restrictions in England will be delayed for at least two weeks due to an increase in the rate of transmissions of the virus.

The U.K. Final Manufacturing PMI data (Forecast: 53.6, Previous: 53.6) will be released later at 1630 (SGT).

GBP/USD’s next support zone is at 1.30000 and the next resistance zone is at 1.32000.
Look for selling opportunities of GBP/USD .


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