GBP/USD Outlook (18 November 2020)

Overall, GBP/USD is trending upwards.

The UK CPI y/y data will be released later at 1500 (SGT).

• CPI y/y (Forecast: 0.5%, Previous: 0.5%)
  
• Core CPI y/y (Forecast: 1.3%, Previous: 1.3%)
  

Currently, GBP/USD is testing the resistance zone of 1.32200 and the next support zone is at 1.30400.
Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone of 1.32200.