GBP/USD Outlook (15 January 2020)

Overall, GBP/USD is moving across. Recently, GBP/USD moved higher, breaking the key level of 1.30 upwards after U.K. Prime Minister Boris Johnson said in an interview that he is very confident that the U.K. will strike a comprehensive trade deal with the EU by the end of the year.
Bank of England MPC member Michael Saunders will be delivering brief remarks and answering audience questions later at 1640 (SGT).
The U.K. CPI y/y data (Forecast: 1.5%, Previous: 1.5%) will be released later at 1730 (SGT).
If the released data is better than (or worse than) forecasted, pound may strengthen (or weaken) respectively.
GBP/USD’s next support level is at 1.29500 and the next resistance level is at 1.30700.
Stay out of GBP/USD for now.