• GBP/USD slipped sharply lower on Tuesday as dollar rebounded strongly as Donald Trump’s inauguration reignited concerns over tariffs .
• Trump's tariff plans are a key focus for investors, as the size and scope of the tariffs will determine whether the dollar's post-election rally continues.
• Given the inflationary potential of tariffs, they are expected to shape expectations for how many rate cuts the Federal Reserve might implement this year.
• Technical signals are strongly bearish as RSI is at 39, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.2361( 50%fib), any close above will push the pair towards 1.2487 (61.8%fib)
• Strong support is seen at 1.2230(38.2% fib) and break below could take the pair towards 1.2089 (23.6% fib).
Recommendation: Good to sell around 1.2260 with stop loss of 1.2330 and target price of 1.2160


FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD dips below lower range, bearish bias increases
Yen Roars Back: Sell AUDJPY Rallies to 109.30, Eye 106 Target
FxWirePro: GBP/AUD extends drop, faces 23.6%fib support
FxWirePro: GBP/NZD drops below 2.2600 level, heads deeper into bear territory
Yen Roars Back: EURJPY Cracks Below 183 – Bears Target 180 on Rallies
USDCHF Fades Post-Jobs Rally: Bears Eye 0.7500 – Sell the Bounce at 0.7730
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major European Indices
FxWirePro: GBP/USD retreats slightly but trend is still bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
NZD/JPY Slips as Yen Strength Returns: Bears Eye Deeper Drop Toward 90.00
FxWirePro: USD/CAD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD climbs to fresh three-year high amid hawkish RBA expectation
FxWirePro- Major Crypto levels and bias summary 



