• GBP/USD slipped lower on Tuesday as investors remained cautious ahead of potential U.S.-Iran talks, which could offer fresh signals on the direction of geopolitical tensions
• Investors are awaiting developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the strait over the weekend..
• UK Prime Minister Burnham is expected to meet U.S. President Donald Trump in New York for the first time today.
• Investors will be watching the meeting for comments on U.S.-UK relations, trade and broader geopolitical issues.
• GBP/USD has traded between 1.3361 and 1.3386 so far on Tuesday, keeping the pair within a relatively narrow range.
• Immediate resistance is located at 1.3356 (38.2%fib), any close above will push the pair towards 1.3491(SMA 20)
• Strong support is seen at 1.3300(Lower BB) and break below could take the pair towards 1.3174(23.6%fib)
Recommendation: Good to sell around 1.3350 with stop loss of 1.3430 and target price of 1.3280
