• GBP/USD edged lower on Thursday as profit-taking set in after gains driven by tariff concerns.
• Expectations of a U.S.-UK trade deal, combined with a weaker dollar and steady UK economic performance, have supported the pound's recent rally.
• With no tier-one UK economic data or Bank of England events scheduled ahead of the Easter long weekend, Sterling is expected to take direction from external drivers.
• UK economic data has shown steady growth, a slowdown in inflation, and strong wage growth, despite a decline in job vacancies ahead of an employer tax increase this month.
• At GMT 11:15, the British pound was trading lower 0.10% at 1.3229 against US dollar
• Immediate resistance is located at 1.3283 (23.6%fib), any close above will push the pair towards 1.3355 (Higher BB).
• Strong support is seen at 1.3166 (April 15th low) and break below could take the pair towards 1.3071(38.2% fib).
Recommendation: Good to buy around 1.3200, with stop loss of 1.3100 and target price of 1.3280
