• GBP/USD strengthened on Monday as the U.S. dollar weakened as investor focus remained on the high-stakes U.S.-China trade talks scheduled in London later today.
•. Markets are watching closely for any signs of easing tensions that could support global risk sentiment and influence currency flows.
• The United Kingdom is set for a busy economic week, starting with employment data on Tuesday. Thursday will see a slew of key releases, including GDP, construction output, trade balance, services index, and industrial production.
• The U.S. inflation report for May will take center stage later this week, as investors and Federal Reserve officials assess the economic impact of restrictive policies have had on the US economy.
• Immediate resistance is located at 1.3622(23.6%fib), any close above will push the pair towards 1.3711(Higher BB)
• Strong support is seen at 1.3521(June 3rd low) and break below could take the pair towards 1.3453(38.2%fib).
Recommendation: Good to buy around 1.3550 with stop loss of 1.3430 and target price of 1.3680
