GBP/USD Approaches 11-Month High Below 1.2600 Ahead of Fed and US NFP
GBP/USD pair is currently on an uptrend, supported by positive news on Brexit, upbeat inflation clues, and hopes of higher Bank of England rates. However, looming fears of the US debt ceiling expiration and recession woes may challenge the US Dollar bulls. Therefore, we recommend a buy signal for the GBP/USD pair with an entry price of around 1.2570, a take profit level of 1.2665, and a stop loss level of 1.2515. Traders are advised to implement proper risk management strategies and monitor the market closely for any potential changes.