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• GBP/USD declined on Friday as investors rushed to safety of greenback as Israel's attacks on Iran ramped up geopolitical tensions .
• Israel carried out major strikes on Iran Friday, targeting nuclear sites and ballistic missile factories in a bid to stop Tehran from developing a nuclear weapon. In response, Iran launched a barrage of 100 drones.
• The development has heightened caution in global financial markets, already unsettled by U.S. President Donald Trump's unpredictable tariff policies.
• Markets are now turning their attention to next week’s Bank of England monetary policy meeting, where interest rates are widely expected to remain unchanged.
• At GMT 11:34, the Pound was trading down 0.57 percent at 1.3534 against greenback.
• Immediate resistance is located at 1.3627(23.6%fib), any close above will push the pair towards 1.3672(Higher BB)
• Strong support is seen at 1.3419(38.2%fib) and break below could take the pair towards 1.3355(Lower BB).
Recommendation: Good to buy around 1.3500, with stop loss of 1.3410 and target price of 1.3650
