• GBP/USD rebounded on Monday after President Donald Trump said the U.S. would postpone strikes on Iranian power plants for five days.
• Trump's postponement sparked a rebound in stock markets, which had been trading deeply in the red, and also alleviated some of the recent pain in Britain's fragile bond markets..
• Donald Trump said on his Truth Social that the U.S. and Iran held “very good and productive” talks over the past two days, aiming for a complete resolution of Middle East hostilities
• Meanwhile, British Prime Minister Keir Starmer will chair an emergency meeting on Monday to address the economic impact of the Iran war, alongside Finance Minister Rachel Reeves.
• Immediate resistance is located at 1.3448 (50%fib), any close above will push the pair towards 1.3594(Higher BB)
• Support is seen at 1.3275(38.2%fib) and break below could take the pair towards 1.3202 (Lower BB).
Recommendation: Good to sell around 1.3430 with stop loss of 1.3490 and target price of 1.3250
