• GBP/USD steadied around 1.2326 on Thursday as investors kept their focus on U.S. President Donald Trump's threats of tariffs.
• Sterling surged sharply on Trump's inauguration day, following a Wall Street Journal report that he would delay implementing tariffs on his first day in office.
• Traders remain cautious due to Trump's tendency to abruptly announce plans to increase trade levies.
• The pair has seen a 1.2300-1.2335 range on Thursday, it was last trading at up 0.09 % at 1.2320.
• Immediate resistance is located at 1.3009( 38.2%fib), any close above will push the pair towards 1.3084(23.6%fib)
• Strong support is seen at 1.2963(5SMA) and break below could take the pair towards 1.2942 (38.2%fib).
Recommendation: Good to sell around 1.2330 with stop loss of 1.2380 and target price of 1.2250
