GBP/USD Outlook (22 January 2020)

Overall, GBP/USD is moving across. Recently, GBP/USD trended higher after the release of the positive U.K. employment data yesterday.

Average Earnings Index 3m/y (Actual: 3.2%, Forecast: 3.1%, Previous: 3.2%)
Claimant Count Change (Actual: 14.9K, Forecast: 33.4K, Previous: 14.9 revised from 28.8K)
Unemployment Rate (Actual: 3.8%, Forecast: 3.8%, Previous 3.8%)

Currently, GBP/USD is moving towards the resistance level of 1.30700 and its next support level is at 1.29500.
Look for buying opportunities of GBP/USD if it breaks the resistance level of 1.30700.