• GBP/USD climbed above 1.2900 level on Friday as sterling firmed ahead of U.S. jobs data.
• The pound has drawn support as traders expect the Bank of England to cut rates more gradually than other central banks, including the Federal Reserve.
. • Investor focus has shifted from interest rates to global capital flows, with growing interest in alternatives to the U.S. amid economic uncertainty and trade policy concerns..
• At GMT 11:12, the pair was trading up 0.31% at 1.2916 its highest level since Nov 11th .
• Immediate resistance is located at 1.2936( 23.6%fib), any close above will push the pair towards 1.2989(Higher BB)
• Strong support is seen at 1.2866 (Daily low) and break below could take the pair towards 1.2796(38.2%fib).
Recommendation: Good to buy around 1.2900, with stop loss of 1.2820 and target price of 1.3000
