GBP/USD Outlook (21 January 2020)

Overall, GBP/USD is moving across. Recently, GBP/USD rejected the support level of 1.29500.
The U.K. employment data will be released later at 1730 (SGT).

Average Earnings Index 3m/y (Forecast: 3.1%, Previous: 3.2%)
Claimant Count Change (Forecast: 33.4K, Previous:28.8K)
Unemployment Rate (Forecast: 3.8%, Previous 3.8%)

Currently, GBP/USD is moving around the key level of 1.30. Its next support level is at 1.29500 and the next resistance level is at 1.30700.
Look for short-term selling opportunities of GBP/USD.