GBP/USD Outlook (11 August 2020)

Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the support zone of 1.30000.

The UK employment data will be released later at 1400 (SGT).

• Claimant Count Change (Forecast: 9.7K, Previous: -28.1K)
  
• Average Earnings Index 3m/y (Forecast: -1.2%, Previous: -0.3%)
  
• Unemployment Rate (Forecast: 4.2%, Previous: 3.9%)
  

Currently, GBP/USD is moving toward the key level of 1.31. Its next support zone is at 1.30000 and the next resistance zone is at 1.32000.
If the UK employment data is overall positive, look for buying opportunities of GBP/USD if it breaks above the key level of 1.31.