• GBP/USD hits seven month high on Monday as dollar weakened driven by concerns over President Donald Trump’s intentions to restructure the Federal Reserve.
• White House economic adviser Kevin Hassett said Friday that President Trump and his team are still exploring the possibility of firing Fed Chair Jerome Powell.
• Trump’s broad tariff measures and ongoing trade policy uncertainty have shaken global markets and clouded the outlook for the U.S. economy.
•. At GMT 16:47, The pound was last trading up 0.67% to 1.3386 against US dollar
• Immediate resistance is located at 1.3436(23.6%fib), any close above will push the pair towards 1.3487(Higher BB)
• Strong support is seen at 1.3233(38.2%fib) and break below could take the pair towards 1.3064(50%fib).
Recommendation: Good to buy around 1.3350, with stop loss of 1.3280 and target price of 1.3470
