• GBP/USD strengthened on Thursday after data showed the British economy unexpectedly grew in the final quarter of last year.
• Britain's economy unexpectedly grew by 0.1% in the final quarter of last year, according to official figures released on Thursday.
• Economists had forecast a 0.1% contraction in British GDP for the quarter, but the economy was boosted by stronger-than-expected 0.4% growth in December.
• At GMT 10:26, The pound was last trading up 0.48% to $1.250 against US dollar.
• Immediate resistance is located at 1.2554 (23.6%fib), any close above will push the pair towards 1.2616(Higher BB).
• Support is seen at 1.2454(38.2%fib) and break below could take the pair towards 1.2271(50%fib).
Recommendation: Good to buy around 1.2480 with stop loss of 1.2400 and target price of 1.2550


FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch
FxWirePro:USD/JPY hovers near 40-year, bias bullish
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm
FxWirePro- Woodies pivot (Major) 



