GBP/USD Outlook (07 January 2021)
Overall, GBP/USD is trending upwards.
The UK Construction PMI data (Forecast: 54.6, Previous: 54.7) will be released later at 1730 (SGT).
Currently, GBP/USD is hovering around the key level of 1.36. Its next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for short-term selling opportunities of GBP/USD if it breaks below the key level of 1.36.
The UK Construction PMI data (Forecast: 54.6, Previous: 54.7) will be released later at 1730 (SGT).
Currently, GBP/USD is hovering around the key level of 1.36. Its next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for short-term selling opportunities of GBP/USD if it breaks below the key level of 1.36.
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