GBP/USD hovers near four- month high, scope for further upside
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.
Signal
Good to Sell around 1.2940, with stop loss of 1.2960 and target price of 1.2900
Good to Buy around 1.2900, with stop loss of 1.2820 and target price of 1.3060
