GBP/USD Outlook (05 August 2020)

FX:GBPUSD   British Pound / U.S. Dollar
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the support zone of 1.30000.

The UK Final Services PMI data (Forecast: 56.6, Previous: 56.6) will be released later at 1630 (SGT).

Currently, GBP/USD is moving towards the key level of 1.31. Its next support zone is at 1.30000 and the next resistance zone is at 1.32000.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.31.


Good one, here is my forecast on GBPUSD:
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