• GBP/USD steadies around 1.2955 on Monday as market participants await President Trump's upcoming announcement on reciprocal tariffs this Wednesday.
• Markets await details of Trump’s reciprocal tariffs on Wednesday, with Trump stating on Sunday that all countries will be affected.
• Trump said on Friday he was open to making deals with countries seeking to avoid U.S. tariffs, but negotiations would only begin after April 2.
•Britain is feeling the effects of Trump’s tariffs on steel and aluminum, which took effect this month, along with upcoming tariffs on auto imports to the U.S. set to begin on April 3.
• Immediate resistance is located at 1.3011(23.6%fib), any close above will push the pair towards 1.3049(Higher BB)
• Strong support is seen at 1.2913 (March 21st low) and break below could take the pair towards 1.2853(38.2%fib).
Recommendation: Good to buy around 1.2930, with stop loss of 1.2850 and target price of 1.3050
