• GBP/USD fell to a three-week low as pound attracted sellers ahead of slew of U.S. and UK data with policy implications for the Fed and BoE.
• Investors will be closely watching UK labor market data, British GDP figures for July, and U.S. inflation data this week to gain insights into the future direction of monetary policy on both sides of the Atlantic.
•At GMT 16:26, the pair was trading 0.22% lower at 1.3090 , lowest level since August 22nd .
• Immediate resistance is located at 1.3154( 38.2%fib), any close above will push the pair towards 1.3240(Sep 6th high)
• Strong support is seen at 1.3064(50%fib) and break below could take the pair towards 1.2979(61.8%fib).
Recommendation: Good to sell around 1.3100 , with stop loss of 1.3160 and target price of 1.2980
