• GBP/USD rose to a one-month high on Wednesday as the dollar retreated, with markets focused on tariff news from the White House.
• The dollar dropped on Tuesday after data showed U.S. job openings fell by 556,000 to 7.6 million in December, the largest drop in 14 months.
• On the macro front, the Bank of England's monetary policy committee meets Thursday to decide on interest rates, with markets fully pricing in a 25-basis-point cut.
• At (GMT 12:21) Pound was trading at up 0.41% to 1.2529 against the US dollar.
• Immediate resistance is located at 1.2540( 50%fib), any close above will push the pair towards 1.2636 (Higher BB)
• Strong support is seen at 1.2467(Daily low) and break below could take the pair towards 1.2424(23.6%fib).
Recommendation: Good to sell around 1.2500, with stop loss of 1.2430 and target price of 1.2560
