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GBP/USD Outlook (03 July 2020)

British Pound / U.S. Dollar (FX:GBPUSD)  
JinDao_Tai  
FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Forex macro technical trend GBPUSD
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trendanalysis forex macro technical trend gbpusd
Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the resistance zone of 1.25000.

The UK Final Services PMI data (Forecast: 47.0, Previous: 47.0) will be released later at 1630 (SGT).

GBP/USD’s next support zone is at 1.23000 and the next resistance zone is at 1.25000.
With the positive U.S. jobs report, look for selling opportunities of GBP/USD.
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