• GBP/USD eased on Friday as investors avoided risky assets after U.S. President Donald Trump's reciprocal tariffs amplified global trade war and recession worries.
• Trump's new tariffs, with a 10% baseline on imports and higher duties on key trading partners, heightened global concerns about stagflation slow growth paired with high inflation.
•The announcement led to significant volatility across financial markets, as investors reacted to the potential negative economic consequences.
• Looking ahead, investors await the release of a monthly U.S. payrolls report later in the day that will offer clues to the health of the economy and the outlook for monetary easing.
• At GMT 11:32, the pair was trading down 0.74% at 1.3002.
• Immediate resistance is located at 1.3093( 38.2%fib), any close above will push the pair towards 1.3215(Daily high)
• Strong support is seen at 1.2966(50%fib) and break below could take the pair towards 1.2905(April 2nd low).
Recommendation: Good to buy around 1.2970, with stop loss of 1.2900 and target price of 1.3080
