GBP/USD Outlook (06 March 2020)

Overall, GBP/USD is trending downwards. Recently, GBP/USD moved higher, breaking the resistance level of 1.28700.
GBP/USD’s next support level is at 1.28700 and the next resistance level is at 1.30100.
The U.S. Non-Farm Employment data will be released later at 2130 (SGT). If the released data is overall negative and the USD weakens, look for buying opportunities of GBP/USD. If the released data is overall positive and USD strengthens, look for short-term selling opportunities of GBP/USD.