• GBP /AUD pair remained steady as markets welcomed news that eased concerns about automotive tariffs, boosting investor confidence.
• The White House stated that President Trump will sign an executive order on Tuesday to lessen the impact of automotive tariffs, aiming to calm investor concerns.
• Markets have recently stabilized on hopes of a U.S.-China trade deal, but lingering uncertainty around the negotiations continues to unsettle investor
• Britain is working to reduce the impact of U.S. tariffs by pursuing an economic agreement with the Trump administration to boost tech investment, while also seeking to ease post-Brexit trade barriers with the EU.
• Immediate resistance is located at 2.1184 (38.2% fib), any close above will push the pair towards 2.1295 (Higher Bb).
• Immediate support is seen at 20902 ((50% fib) and break below could take the pair towards 20602 (61.8%fib).
Recommendation: Good to buy on dips around 20980 with stop loss of 20860 and target price of 21080 .
