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FxWirePro: GBP/ USD outlook weaker on renewed downside pressure

• GBP/USD fell   on Tuesday as sterling came under as dollar firmed across the board after Trump pledged a 25% tariff on imports from Canada and Mexico, along with an additional 10% tariff on China.

• Sterling lost ground following Trump's comments, reflecting its nature as a  risk-sensitive  currency that often declines during times of economic uncertainty.

• This week, there is a light economic data schedule for the UK, with fewer major releases expected.

•   Immediate resistance is located at 1.2620( 38.2%fib), any close above will push the pair towards 1.2721(50%fib)

•  Strong support is seen at 1.2505(23.6%fib) and break below could take the pair towards 1.2459(Lower BB).

  Recommendation: Good to sell around 1.2550 , with stop loss of 1.2640  and target price of 1.2430

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