Overall, GBP/USD is trending downwards. Recently, GBP/USD has been ranging across. The U.K. Final Services PMI data (Forecast: 34.7, Previous: 35.7) will be released later at 1630 (SGT). It is forecasted that the U.K. services sector contracted more in March than February. If the released data is worse than forecasted, GBP may weaken. GBP/USD’s next support level is at 1.22745 and the next resistance level is at 1.25500.