GBP/USD Outlook (22 December 2020)

Overall, GBP/USD is ranging across. Recently, GBP/USD bounced off the resistance zone of 1.34600.

The UK Final GDP q/q data (Forecast: 15.5%, Previous: 15.5%) will be released later at 1500 (SGT).

Currently, GBP/USD is moving towards the resistance zone of 1.38160 and the next support zone is at 1.32200.
Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone of 1.38160.