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• GBP/USD climbed above 1.3400 level on Friday as Trump administrations lack of clear of tariff policies weighed on greenback.
• In an interview published late Thursday, Trump stated he believed he could reach a trade deal with China and preferred not to use tariffs against the country..
• Uncertainty over Trump's tariff policies has dominated currency markets this week, leading investors to broadly sell off the dollar.
• At GMT 12:43, the pair was trading up 0.57% at 1.2402, its highest level since January 8th.
• Immediate resistance is located at 1.2469( 50%fib), any close above will push the pair towards 1.2590(618%fib)
• Strong support is seen at 1.2342(38.2%fib) and break below could take the pair towards 1.2182(23.6%fib).
Recommendation: Good to buy around 1.2380, with stop loss of 1.2330 and target price of 1.2480
