• GBP/USD eased slightly on Tuesday as traders turned cautious amid lingering uncertainty ahead of President Trump's August 1 tariff deadline.
• Investors kept a close eye on tariff negotiations ahead of Washington’s August 1 deadline, as the EU weighed a wider range of potential countermeasures amid fading hopes for a deal.
• Official data showed the UK borrowed more than forecast in June, with high inflation pushing up interest payments and raising the likelihood of future tax increases.
• Markets await retail sales data on Friday for consumer insights, while a flash PMI on Thursday is expected to outline the pace of business activity.
• Immediate resistance is located at 1.3544(38.2%fib), any close above will push the pair towards 1.3579(SMA 20)
• Strong support is seen at 1.3367(50%fib) and break below could take the pair towards 1.3328(Lower BB).
Recommendation: Good to buy around 1.3470 with stop loss of 1.3380 and target price of 1.3550
