GBP/USD Outlook (04 August 2020)
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced off the support zone of 1.30000.
The U.K. Final Manufacturing PMI data (Actual: 53.3, Forecast: 53.6, Previous: 53.6) released yesterday indicated a slight downward revision in the growth of the manufacturing sector in July.
GBP/USD’s next support zone is at 1.30000 and the next resistance zone is at 1.32000.
Look for buying opportunities of GBP/USD.
The U.K. Final Manufacturing PMI data (Actual: 53.3, Forecast: 53.6, Previous: 53.6) released yesterday indicated a slight downward revision in the growth of the manufacturing sector in July.
GBP/USD’s next support zone is at 1.30000 and the next resistance zone is at 1.32000.
Look for buying opportunities of GBP/USD.
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