GBP/USD Outlook (05 March 2020)
2020-03-05 13:40:50
Overall, GBP/USD is trending downwards. Recently, GBP/USD moved higher into the resistance level of 1.28700.
The U.K. Final Services PMI data (Actual: 53.2, Forecast: 53.2, Previous: 53.3) released was as forecasted.
Currently, GBP/USD is testing the resistance level of 1.28700 and the next support level is at 1.27700.
Stay out of GBP/USD for now.