GBP/USD Outlook (23 February 2021)

Overall, GBP/USD is trending upwards. Recently, GBP/USD broke the resistance zone of 1.40000.

Yesterday, UK Prime Minister Boris Johnson announced that non-essential shops and hospitality venues will be allowed to resume business on 12 April at the earliest.

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

• Claimant Count Change (Forecast: TBA, Previous: 7.0K)
  
• Average Earnings Index 3m/y (Forecast: 4.1%, Previous: 3.6%)
  
• Unemployment Rate (Forecast: 5.1%, Previous: 5.0%)
  

Currently, GBP/USD is moving towards the key level of 1.41. Its next support zone is at 1.40000 and the next resistance zone is at 1.43500.
Look for buying opportunities of GBP/USD if it breaks above the key level of 1.41.