• GBP/USD slipped on Tuesday as the U.S. dollar strengthened despite the ongoing US government shutdown.
• Amid a week-long government shutdown, investors are expected to lean more heavily on Fed commentary, as economic data remain scarce.
• Investors await comments from a bevy of Federal Reserve officials for insight on the path of monetary policy.
• Scheduled to speak on Tuesday are Atlanta Fed President Raphael Bostic, Vice Chair for Supervision Michelle Bowman, Governor Stephen Miran, and Minneapolis Fed President Neel Kashkari.
•Kansas City Fed President Jeff Schmid said Monday he is hesitant to lower interest rates, stressing the need to focus on inflation risks.
• Immediate resistance is located at 1.3490(50%fib), any close above will push the pair towards 1.3538(Sep 24th high)
• Strong support is seen at 1.3389(61.8%fib) and break below could take the pair towards 1.3347(Lower BB).
Recommendation: Good to buy around 1.3370 , with stop loss of 1.3310 and target price of 1.3480
