GBP/USD Outlook (10 January 2020)

Overall, GBP/USD is moving across. Recently, GBP/USD trended lower into the support level of 1.30700 after Bank of England Governor Mark Carney said that “the combined conventional and unconventional policy space is in the neighbourhood of the 250 basis points cut to Bank Rate seen in pre-crisis easing cycles”, causing market participants to take that comment as a hint of the possibility of a rate cut.
Currently, GBP/USD is testing the support level of 1.30700 and the next resistance level is at 1.32500.
As the U.S. Non-Farm Payroll data will be released later at 2130 (SGT), stay out of GBP/USD for now.