• 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
