GBP/USD Outlook (03 August 2020)
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.
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.