• GBP/USD steadied around on Tuesday as investors kept their focus on the upcoming budget later this week.
• Finance minister Rachel Reeves will set out her first tax and spending plans, which must address a difficult fiscal picture without raising major taxes on workers..
• Key for sterling will be estimates from the British Office for Budget Responsibility, which makes the forecasts that underpin the government's spending and tax plans.
• The pair has seen a 1.3000-1.2957 range, on Tuesday,it was last trading at up 0.30 % at 1.3004.
• Immediate resistance is located at 1.3009( 38.2%fib), any close above will push the pair towards 1.3084(23.6%fib)
• Strong support is seen at 1.2963(5SMA) and break below could take the pair towards 1.2942 (38.2%fib).
