GBP/USD Outlook (12 December 2019)

Overall, GBP/USD is trending upwards. Recently, GBP/USD trended higher and breaking the resistance level of 1.31700 after a slightly negative FOMC meeting, causing the U.S. dollar to weaken.
The U.K. General Election will be held today from 1500 (SGT) to 0600 (SGT) tomorrow. Results are expected to be released at 1100 (SGT) tomorrow.
GBP/USD’s next support level is at 1.31700 and the next resistance level is at 1.33200.
Wait for the election results to be released before looking for trading opportunities of GBP/USD.