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• GBP/USD slipped lower on Tuesday as investors awaited US inflation data and additional economic updates later in the week.
• Investors will be closely watching Wednesday's consumer price index report for insight into the trajectory of U.S. inflation and ensuing Federal Reserve policy.
• The UK calendar's focus will be on Friday's GDP estimate for October, which could impact the Bank of England's interest rate outlook.
• At GMT 16:03, the pair was trading down 0.06% at 1.2738.
• Immediate resistance is located at 1.2798( Higher BB), any close above will push the pair towards 1.2850(50%fib)
• Strong support is seen at 1.2713(38.2%fib) and break below could take the pair towards 1.2644(Nov 28th low).
Recommendation: Good to sell around 1.2750 with stop loss of 1.2860 and target price of 1.2650
