GBP/USD Outlook (30 September 2020)

Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across below the key level of 1.29.

The UK Final GDP q/q data (Forecast: -20.4%, Previous: -20.4%) will be released later at 1400 (SGT).

Currently, GBP/USD is moving towards the support zone of 1.28000 and the next resistance zone is at 1.30200.
If the released GDP data is worse than forecasted, look for selling opportunities of GBP/USD.