GBP/USD Outlook (30 December 2019)

Overall, GBP/USD is moving across. Recently, GBP/USD trended higher, breaking the key level of 1.31 upwards.
GBP/USD’s next support level is at 1.29800 and the next resistance level is at 1.31700.
As trading volume is low due to festive season, look for short-term buying opportunities of GBP/USD while taking note that it is approaching the resistance level of 1.31700.

Analysis will resume on 02 January 2020.
Wishing you a Happy New Year!