• GBP/USD steadied around 1.2950 level on Tuesday as investors awaited this week's UK budget update.
• UK Finance Minister Rachel Reeves will unveil a half-yearly budget update on Wednesday, with investors watching for its market implications.
• Reeves is set to announce a sharp downgrade to the UK's economic growth on Wednesday, which, coupled with rising borrowing costs, may compel her to scale back planned spending increases in the coming years..
• At GMT 11:35, the pair was trading up 0.24 percent at 1.2953
• Immediate resistance is located at 1.3004( 23.6%fib), any close above will push the pair towards 1.3105(Higher BB)
• Strong support is seen at 1.2890 (38.2%fib) and break below could take the pair towards 1.2796(50%fib).
Recommendation: Good to buy around 1.2940, with stop loss of 1.2880 and target price of 1.3000


FxWirePro: NZD/USD edges lower, remains on back foot
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: AUD/USD firms after RBA governor Bullock comments
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: GBP/AUD falls after BoE rate hold
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 



