• GBP/USD edged lower on Thursday as traders stayed cautious ahead of key U.S. inflation data and lingering tariff uncertainty from Washington.
• Markets swung all week as a court blocked most of Trump’s tariffs, only for an appeals court to reinstate them temporarily.
• Investors were also unsettled by a little-known provision in Trump’s budget bill allowing taxes of up to 20% on foreign investment.
• Looking ahead, traders remained focused on the upcoming release of the Personal Consumption Expenditures (PCE) index, scheduled for 12:30 GMT.
• Immediate resistance is located at 1.3588 (23.6%fib), any close above will push the pair towards 1.3645(Higher BB)
• Strong support is seen at 1.3399(38.2%fib) and break below could take the pair towards 1.3233(50%fib).
Recommendation: Good to buy around 1.3450, with stop loss of 1.3400 and target price of 1.3570
