GBP/USD Outlook (9th October 2019)

Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across.

The U.K. GDP data will be released tomorrow at 1630 (SGT).

• GDP m/m (Forecast: 0.0%, Previous: 0.3%)
  

If the data released is worse than or as forecasted, pound may weaken.

GBP/USD’s next support level is at 1.20000 and the next resistance level is at 1.23000.