• GBP/USD firmed on Monday as dollar weakened as investors awaited U.S. economic data later this week amid renewed concerns over Britain’s fiscal outlook.
• Investors are closely watching Friday’s U.S. nonfarm payrolls report, widely seen as a key indicator of labor market health and a major driver of Federal Reserve policy expectations..
• The release will be preceded by job openings data from the JOLTS survey and ADP private payrolls figures, both of which are expected to offer early insights into hiring demand and employment momentum.
• In the UK, the calendar is quiet with retail sales as the key release, while BoE officials Catherine Mann and Sarah Breeden will speak on Wednesday
• Immediate resistance is located at 1.3615(Higher BB), any close above will push the pair towards 1.3792 (23.6%fib)
• Strong support is seen at 1.3477(SMA20) and break below could take the pair towards 1.3450(38.2%fib).
Recommendation: Good to buy around 1.3500 with stop loss of 1.3450 and target price of 1.3580
