GBP/USD Outlook (5 December 2019)

Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher, breaking the key level of 1.30 upwards as market participants are feeling optimistic that the Conservative Party will stand a good chance in winning the U.K. General Election next week.
Currently, GBP/USD is testing the key level of 1.31. Its next support level is at 1.29800 and the next resistance level is at 1.31700.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.31.