FxWirePro: GBP/USD bulls loosen their grip a bit, dips to be bought

• GBP/USD eased    on Tuesday as greenback firmed after data showed U.S. job openings increased modestly in October  .

• Job openings, a key gauge of labor demand, rose by 12,000 to 7.670 million at the end of October, according to the Labor Department’s Bureau of Labor Statistics in its Job Openings and Labor Turnover Survey (JOLTS) released Tuesday.

•Hiring dropped by 218,000 to 5.149 million in October. The report incorporated data for September, whose release was canceled because of the 43-day federal government shutdown.

• The spotlight this week is on the Fed's two-day policy meeting, which kicks off on Tuesday and ends with a decision on Wednesday..

• Meanwhile, markets are placing a roughly 86% chance of the Bank of England cutting interest rates by a quarter of a point to 3.75% at its next meeting on December 19 .

•   Immediate resistance is located at 1.3423( Higher BB), any close above will push the pair towards 1.3486 (38.2%fib)

•  Strong support is seen at 1.3250(50%  fib) and break below could take the pair towards 1.3207(20SMA).

  Recommendation: Good to buy around 1.3300, with stop loss of 1.2920 and target price of 1.3380.