• GBP/USD pair saw a modest gain on Tuesday driven by thin trading volumes as markets began to wind down for the Christmas break.
•The U.S. dollar dominated the currency market in 2024, boosted by a resilient economy and the Federal Reserve's limited scope to cut interest rates further.
• The focus is now on important global events in 2025, particularly Donald Trump's return to the White House, forcing central banks to adopt a more cautious monetary policy.
•At GMT 11:41, Sterling was last up 0.01% on the dollar at 1.2530
• Immediate resistance is located at 1.2619 (38.2%fib), any close above will push the pair towards 1.2669(Dec 19th high).
•Support is seen at 1.2488(23.6%fib) and break below could take the pair towards 1.2460(Lower BB).
Recommendation: Good to sell around 1.2540 with stop loss of 1.2590 and target price of 1.2440
