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FxWirePro: GBP/USD set to remain soft heading into weekend

• GBP/ USD slipped lower on Friday as dollar gained  amid growing expectations that the Federal Reserve will not cut interest rates soon.

• The Fed signaled no urgency in cutting rates after keeping them unchanged at 4.25%-4.50% on Wednesday.

•  Central banks were in the spotlight   this week and the U.S. Federal Reserve, the Bank of Japan and the Bank of England all held rates steady.

• Investors are now closely watching the specifics of the Trump administration's April 2 reciprocal tariffs, which remain unclear.

•   Immediate resistance is located at 1.3000( Psychological level), any close above will push the pair towards 1.3049(23.6%fib)

•  Strong support is seen at 1.2904(38.2%fib) and break below could take the pair towards 1.2866(March 11th low).

  Recommendation: Good to sell  around 1.2940, with stop loss of 1.2850 and target price of 1.2870

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