GBP/USD Outlook (10 December 2019)

Overall, GBP/USD is trending upwards. Recently, GBP/USD tested but failed to break above the resistance level of 1.31700.
Currently, GBP/USD is testing the resistance level of 1.31700 and its next support level is at 1.29800.
Look for short-term buying opportunities of GBP/USD if further optimism in the U.K. election cause it to break the resistance level. Also, be prepared for the scenario of pound weakening even if the Conservative Party were to win the election as the highly expected election result may have already been priced in by the recent strengthening of pound.