GBP/USD Outlook (23 November 2020)

Overall, GBP/USD is trending upwards. Recently, GBP/USD broke above the key level of 1.33.

The UK flash PMI data will be released later at 1730 (SGT).

• Flash Manufacturing PMI (Forecast: 50.5, Previous: 53.7 revised from 53.3)
  
• Flash Services PMI (Forecast: 43.2, Previous: 51.4 revised from 52.3)
  

GBP/USD’s next support zone is at 1.32200 and the next resistance zone is at 1.34600.
Look for short-term buying opportunities of GBP/USD.