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• GBP/USD rose above1.3400 level on Thursday after the data showed that the UK economy grew by in August.
• Britain's economy returned to growth in August official data showed on Thursday.
• The UK economy expanded 0.1% in August, giving Finance Minister Rachel Reeves a lift ahead of her upcoming budget.
• Economists polled by before Thursday's data release had forecast that GDP would expand by 0.1% in August.
•In the three months to August, growth picked up slightly to 0.3% from 0.2% in the three months to July, boosted by public health service work while consumer-facing services shrank,the ONS said.
• Immediate resistance is located at 1.3570(38.2%fib), any close above will push the pair towards 1.3612(Higher BB)
• Strong support is seen at 1.3403(50%fib) and break below could take the pair towards 1.3301(Lower BB).
Recommendation: Good to buy around 1.3410 , with stop loss of 1.3340 and target price of 1.3500
