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FxWirePro: GBP/USD steadies above 1.2900, retains bid tone

• 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

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