• GBP/USD steadied around on Wednesday as investors waited for U.S. inflation data, while concerns over Trump's trade policy added to market uncertainty.
• Currency markets focused on U.S. inflation data, set for release at 1330 GMT, which could solidify expectations that the Federal Reserve will maintain current interest rates.
•In contrast, markets are now pricing in more rate cuts from the Bank of England after it reduced the bank rate by 25 basis points last week. Markets are also preparing for Thursday's British GDP data
• At GMT 11:49, the pair was trading up 0.11% at 1.2365
• Immediate resistance is located at 1.2475( 50%fib), any close above will push the pair towards 1.2574(Higher BB)
• Strong support is seen at 1.2350(38.2%fib) and break below could take the pair towards 1.2250(Feb 3rd low).
Recommendation: Be on sidelines


EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges lower, remains on back foot
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/AUD edges higher but maintains bearish bias 



