• GBP/USD eased slightly on Tuesday as market participants remained cautious as they await further developments in U.S.-EU trade negotiations and upcoming economic data releases.
•President Trump's decision to postpone a steep 50% tariff on EU imports until July 9 has introduced short-term relief for risk assets, including the British pound..
•However, the uncertainty surrounding future U.S. trade policy continues to weigh on global markets. The delay, rather than cancellation, of the tariffs suggests geopolitical and trade risks remain elevated.
•Investors are now focused on speeches from Federal Reserve policymakers and Friday's U.S. core PCE data, which could provide insights into the path of U.S. interest rates.
•At GMT 11:16, the pair was trading down 0.08 percent at 1.3547
• Immediate resistance is located at 1.3597(Higher BB), any close above will push the pair towards 1.3662(23.6%fib)
• Strong support is seen at 1.3471(38.2%fib) and break below could take the pair towards 1.3402(May 23rd low).
Recommendation: Good to buy around 1.3530, with stop loss of 1.3450 and target price of 1.3650
