•GBP/USD climbed on Tuesday amid dollar weakness, fueled by concerns over Trump’s tax bill and trade negotiations.
• Investors remain uneasy as Trump’s budget bill faces internal Senate divisions over its $3.3 trillion debt impact, dampening sentiment and driving diversification..
• Trump’s July 9 deadline has put global trade talks under the spotlight, though few meaningful deals have been struck so far.
•On the data front, Investors await a U.S. manufacturing data and job openings data due later today, ahead of key payrolls figures on Thursday.
• Technical signals are strongly bullish as RSI is at 68, daily momentum studies 5,9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.3817(Higher BB), any close above will push the pair towards 1.3933(23.6%fib)
• Strong support is seen at 1.3702(38.2%fib) and break below could take the pair towards 1.397(June 25th low).
Recommendation: Good to buy around 1.3770 with stop loss of 1.3700 and target price of 1.3860
