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• GBP/USD dropped sharply on Wednesday as the greenback strengthened across the board following solid U.S. data on Tuesday.
• ISM’s December survey showed U.S. services sector activity accelerated, with input prices surging to nearly a two-year high.
•US Job openings in November rose to 8.098 million, beating the 7.7 million forecast and October's 7.839 million.
•ADP’s private-sector jobs report and weekly jobless claims are due later Wednesday, ahead of Friday's national employment report.
•At GMT 12:35, Sterling was last down 1.12% on the dollar at 1.2340
• Immediate resistance is located at 1.2442 (38.2%fib), any close above will push the pair towards 1.2553 (50%fib).
•Support is seen at 1.2317 (23.6%fib) and break below could take the pair towards 1.2273( Lower BB).
Recommendation: Good to sell around 1.2350 with stop loss of 1.2450 and target price of 1.2220
