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• GBP/USD strengthened on Tuesday as dollar fell amid uncertainty surrounding the Trump administration's trade policy.
• U.S. President Donald Trump's shifting trade policies alternating between imposing and delaying tariffs on Canada and Mexico while increasing duties on Chinese goods have disrupted global financial markets.
. • Market participants are turning their attention to this week’s monthly GDP data, which will offer crucial signals about the UK’s economic performance.
• At GMT 10:23, the pair was trading up 0.38% at 1.2926.
• Immediate resistance is located at 1.2943( 23.6%fib), any close above will push the pair towards 1.3022(Higher BB)
• Strong support is seen at 1.2875(Daily low) and break below could take the pair towards 1.2790(50%fib).
Recommendation: Good to buy around 1.2920, with stop loss of 1.2820 and target price of 1.3000
