FxWirePro: GBP/USD continues to respect 50%fib resistance level

• GBP/USD rebounded on Monday  after President Donald Trump said the U.S. would postpone strikes on Iranian power plants for five days.

• Trump's postponement sparked a rebound in stock markets, which had been trading deeply in the red, and also alleviated some of the recent pain in Britain's fragile bond markets..

•  Donald Trump said on his Truth Social that the U.S. and Iran held “very good and productive” talks over the past two days, aiming for a complete resolution of Middle East hostilities

• Meanwhile, British Prime Minister Keir Starmer will chair an emergency meeting on Monday to address the economic impact of the Iran war, alongside Finance Minister Rachel Reeves.

• Immediate resistance is located at 1.3448 (50%fib), any close above will push the pair towards 1.3594(Higher BB)

•  Support is seen at 1.3275(38.2%fib) and break below could take the pair towards 1.3202 (Lower BB).

Recommendation: Good to sell  around 1.3430 with stop loss of 1.3490   and target price of 1.3250