JinDao_Tai

GBP/USD Outlook (04 December 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD trended into the resistance zone of 1.34600.

The UK Construction PMI data (Forecast: 52.3, Previous: 53.1) will be released later at 1730 (SGT).

Currently, GBP/USD is testing the resistance zone of 1.34600 and the next support zone is at 1.32200.
Look for short-term buying opportunities of GBP/USD if it breaks the resistance zone of 1.34600.

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