GBP/USD Outlook (07 February 2020)

Overall, GBP/USD is trending downwards. Recently, GBP/USD trended lower, breaking the support level of 1.29900.
GBP/USD’s next support level is at 1.27800 and the next resistance level is at 1.29900.
As the U.S. Non-Farm Payroll data will be released later at 2130 (SGT), look for selling opportunities of GBP/USD if the data release is positive.