• GBP/USD steadied around 1.3211 on Tuesday as the dollar eased slightly as initial optimism over the U.S.-China trade truce faded
• On Monday, the U.S. and China announced tariff cut for the next three months, with U.S. tariffs on Chinese imports falling from 145% to 30%, and Chinese duties on U.S. imports dropping from 125% to 10%.
• Investor attention now turns to the specifics of the agreement and what will happen after the 90-day truce.
• Traders now await the U.S. Consumer Price Index report for fresh signals on the Federal Reserve's monetary policy trajectory.
•On the data front, Britain's job market slowed again last month, with data reflecting the effects of a tax hike on employers and Donald Trump's trade tariffs.
• Average weekly earnings, excluding bonuses, rose by 5.6% from January to March compared to the same period last year, marking the slowest increase since the three months ending in November, according to the Office for National Statistics.
• Immediate resistance is located at 1.3264(38.2%fib), any close above will push the pair towards 1.3413(May 6th high)
• Strong support is seen at 1.3149(Lower BB) and break below could take the pair towards 1.3100(50%fib).
Recommendation: Good to buy around 1.3180, with stop loss of 1.3100 and target price of 1.3300
