• The GBP/USD pair declined on Wednesday, after data showed U.S. private employers added 177,000 jobs in August, above economists expectations, reversing the earlier gains.
   
• Further upside is expected to be limited as increased expectations of U.S. interest rate hike is set to weigh on the currency pair.
   
• Currently, the currency pair is trading at 1.3115 levels, it is set to decline future towards 1.3080 and later 1.3000 levels in the short term.
   
• To the upside, the immediate resistance can be seen at 1.3143, a break above this level would expose to cable to next resistance level at 1.3187.
   
• To the downside, strong support can be seen at 1.3061, a break below will open the door towards next level at 1.3000.
  
  Resistance Levels
  
  R1: 1.3143 (50% Retracement Level)
  
  R2: 1.3187 (Aug 19th high)
  
  R3: 1.3226 (61.8% Retracement Level)
  
  Support Levels
  
  S1: 1.3061 (38.2% Retracement Levels)
  
  S2: 1.3000 (Psychological levels)
  
  S3: 1.2959 (23.6% Retracement Level)