• GBP/AUD dipped towards 2.1200 level as investors closely monitored the implications of U.S. President Donald Trump's tariff policies. Trump's tariffs
• All eyes were on the U.S. after Trump said investors must take their medicine amid the market selloff, adding he wouldn't make a deal unless the trade deficit with China is addressed..
• UK Prime Minister Keir Starmer stated that Britain will work to secure an economic partnership with the U.S. and reduce trade barriers with key global partners following Trump’s tariffs.
•As economic uncertainty grew, traders raised bets on the Bank of England cutting interest rates in May to nearly 100%, up from 50% before Wednesday's tariff announcement.
• Immediate resistance is located at 2.1512(38.2%fib), any close above will push the pair towards 2.1657(Daily high).
• Immediate support is seen at 2.1156( (38.2%fib) and break below could take the pair towards 2.0945(Daily low).
Recommendation: Good to buy around 2.0600, with stop loss of 2.0520 and target price of 2.0680
