• GBP/USD slipped lower on Friday as after data showed U.S. retail sales increased slightly more than expected in October.
• Retail sales rose 0.4% last month after an upwardly revised 0.8% advance in September, the Commerce Department's Census Bureau said.
• Financial markets lowered the odds of a 25-basis-point rate cut at the Fed's Dec. 17-18 meeting to 58.4% from 61.6% earlier, according to CME Group's FedWatch Tool..
• At GMT 15:20, the pair was trading down 0.33% at 1.2623, retreating from daily high 1.2700.
• Immediate resistance is located at 1.2700( Daily high), any close above will push the pair towards 1.2766(38.2%fib)
• Strong support is seen at 1.2608(23.6%fib) and break below could take the pair towards 1.2548(Lower BB).
Recommendation: Good to sell around 1.2640, with stop loss of 1.2700 and target price of 1.2600
