• GBP/USD dipped as investors monitored developments in the Middle East and awaited the U.S. Federal Reserve's interest rate decision later in the day.
• U.S. launched its first airstrikes in the Middle East since suspending its bombing campaign last week, hitting Iran-backed groups in Iraq jointly with Saudi Arabia, while Tehran rejected an Omani plan to manage the Strait of Hormuz...
• The U.S. Fed is expected to hold rates steady on Wednesday, with Chair Kevin Warsh's statement watched for policy clues, while the Bank of England is due to announce its decision on Thursday.
•Markets largely expect policymakers to leave rates unchanged, any surprise rate hike or a more hawkish policy message could trigger broad-based dollar strength.
• Immediate resistance is located at 1.3310(Daily high), any close above will push the pair towards 1.3381(50%fib)
• Strong support is seen at 1.3277(38.2%fib) and break below could take the pair towards 1.3219(Lower BB).
Recommendation: Good to sell around 1.3300, with stop loss of 1.3370 and target price of 1.3240
