• GBP/USD rose to hit three year high on Monday as U.S. fiscal concerns and sudden shifts in U.S. President Donald Trump's trade policies pushed the dollar
•Two days after warning of 50% tariffs on EU imports, President Trump reinstated the July 9 deadline for trade negotiations.
•President Trump’s trade policy reversals, along with his expansive spending and tax‑cut legislation, have dampened demand for U.S. assets and the dollar.
• Trading volumes on Monday are expected to be thinner than usual, given that markets in the United States and Britain are closed due to public holidays.
•At GMT 11:16, the pair was trading up 0.15 percent at 1.3562
• Immediate resistance is located at 1.3617(Higher BB), any close above will push the pair towards 1.3708(23.6%fib)
• Strong support is seen at 1.3514(38.2%fib) and break below could take the pair towards 1.3417(May 23rd low).
Recommendation: Good to buy around 1.3530, with stop loss of 1.3450 and target price of 1.3650
