• GBP/USD slipped lower on Tuesday as investors flocked to safe-haven assets following Russia's warning about its updated nuclear doctrine.
• Safety trades emerged early in Europe on Tuesday after Moscow issued nuclear threats in response to Washington's decision to allow Ukraine to use U.S.-supplied weapons to target Russian territory.
• Looking ahead, markets are awaiting inflation data on Wednesday, which could offer insights into the Bank of England's future monetary policy..
• At GMT 15:31, the pair was trading down 0.23% at 1.2646, retreating from daily high 1.2689.
• Immediate resistance is located at 1.2716( 38.2%fib), any close above will push the pair towards 1.2759 (SMA 9)
• Strong support is seen at 1.2608(23.6%fib) and break below could take the pair towards 1.2516(May 13th low).
Recommendation: Good to sell around 1.2680 with stop loss of 1.2780 and target price of 1.2600
