GBP/USD Outlook (26 January 2021)

Overall, GBP/USD is ranging across. Recently, GBP/USD bounced down from the key level of 1.37.

The UK employment data will be released later at 1500 (SGT).

• Average Earnings Index 3m/y (Forecast: 3.0%, Previous: 2.7%)
  
• Claimant Count Change (Forecast: TBA, Previous: 64.3K)
  
• Unemployment Rate (Forecast: 5.1%, Previous: 4.9%)
  

GBP/USD’s next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for selling opportunities of GBP/USD.