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• GBP/USD steadied on Monday as markets remained cautious amid escalating geopolitical tensions in the Middle East.
•The escalating conflict between Israel and Iran has amplified global economic uncertainty, sending oil prices higher as markets brace for potential fallout.
•The renewed tensions come just as the Group of Seven (G7) leaders prepare to meet on Monday, further complicating an already sensitive geopolitical and economic landscape.
•Attention also shits key monetary policy meetings by the Bank of England and the U.S. Federal Reserve later this week.
• Investors will closely watch both events for any signals on how the central banks intend to respond to the growing economic uncertainty triggered by U.S. tariffs and broader geopolitical tensions..
• Immediate resistance is located at 1.3636(23.6%fib), any close above will push the pair towards 1.3666(Higher BB)
• Strong support is seen at 1.3518(Daily 15th low) and break below could take the pair towards 1.3415(38.2%fib).
Recommendation: Good to buy around 1.3570 with stop loss of 1.3500 and target price of 1.3680
