• 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
