• GBP/USD eased on Thursday as retreat risk appetite and stronger greenback weighed British currency.
• The greenback edged up after mixed U.S. economic data left markets cautious ahead of Friday’s nonfarm payrolls report.
• A reduction in UK fiscal and political risks has supported the British currency since finance minister Rachel Reeves presented the budget in November.
• British house prices rose just 0.3% year-on-year in December, the weakest gain since March 2024, as economic and tax uncertainty weighed on the market, Halifax said.
• Immediate resistance is located at 1.3475( 50%fib), any close above will push the pair towards 1.3567(Higher BB)
• Strong support is seen at 1.3367(61.8%fib) and break below could take the pair towards 1.3339(Lower BB).
Recommendation: Good to sell around 1.3460, with stop loss of 1.3540 and target price of 1.3360
