• GBP/USD edged higher on Thursday as dollar weakened after U.S. President Donald Trump announced new tariffs on auto imports
• Investor attention shifts to next week’s reciprocal tariffs, as Trump suggests they may differ from the like-for-like levies he previously promised.
• Investors fear trade duties could slow U.S. growth and fuel inflation, though optimism over milder-than-expected tariffs has lifted sentiment recently.
• At GMT 09:33, the pair was trading up 0.33 percent at 1.2915
• Immediate resistance is located at 1.3000( Psychological level), any close above will push the pair towards 1.3027(Higher BB)
• Strong support is seen at 1.2869 (38.2%fib) and break below could take the pair towards 1.2722(50%fib).
Recommendation: Good to buy around 1.2900, with stop loss of 1.2850 and target price of 1.2970
