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FxWirePro: GBP/USD sustains gains as uptrend remains strong

• GBP/USD climbed above 1.2700 level on Tuesday as U.S. dollar weakened on the back of weak economic data. • The latest ISM report revealed a sharper-than-expected slowdown in U.S. manufacturing for February, as weaker d…

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• GBP/USD climbed above 1.2700 level on Tuesday as U.S. dollar weakened on the back of weak economic data.

• The latest ISM report revealed a sharper-than-expected slowdown in U.S. manufacturing for February, as weaker demand, slower production, and rising tariff-driven costs weighed on the sector.

. •  Investors await key U.S. economic data, including the Fed's Beige Book on Wednesday, jobless claims on Thursday, and February's jobs report on Friday.

• At GMT 11:02, the pair was trading up 0.17% at 1.2772 its highest level since December .

•   Immediate resistance is located at 1.2744( 38.2%fib), any close above will push the pair towards 1.2777(Higher BB)

•  Strong support is seen at 1.2662(38.2%fib) and break below could take the pair towards 1.2571(50%fib).

  Recommendation: Good to buy  around 1.2700, with stop loss of 1.2620 and target price of 1.2780

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