• GBP/USD hovered near four month high as dollar weakened on worries about a U.S. economic slowdown and flip-flops in tariff policy.
• Investors remained wary of the escalating global trade war, fearing its economic fallout on the U.S., with growing speculation about a possible recession.
. • Looking ahead ,investors are turning their attention to this week's monthly GDP release, for insight into UK economy’s health.
• At GMT 12:27, the pair was trading up 0.18% at 1.2916.
• Immediate resistance is located at 1.2949( 23.6%fib), any close above will push the pair towards 1.3017(Higher BB)
• Strong support is seen at 1.2841(38.2%fib) and break below could take the pair towards 1.2753(50%fib).
Recommendation: Good to buy around 1.2910, with stop loss of 1.2820 and target price of 1.3060
