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Yesterday, Trump's sweeping tariffs on U.S. trading partners impacted the UK at the lowest rate—just 10%. In contrast, tariffs on EU goods were set at 20% and on Japanese goods at 24%.
Naturally, this is good news for the UK, and the British pound already broke above the first target resistance at 1.3001 yesterday. Now, the next target, 1.3101, is within reach. We can also note that the following target will be the 1.3184 level and, after that, 1.3311. On the daily timeframe, the Marlin oscillator has confidently moved into positive territory, supporting further growth in the pound.
On the H4 chart, the oscillator shows a powerful uptrend, so a pullback may occur as the price approaches resistance at 1.3101. After the correction, a new attempt to break through resistance is expected.
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