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• GBP/USD was little changed on Thursday as investors remained on sidelines due quiet trading due to a U.S. holiday.
•Trading volume was thin across markets as U.S. stocks and bonds markets were shut due to the Thanksgiving holiday.
•Markets were little changed after the latest CBI survey showed business sentiment in Britain’s services sector dropped at the fastest rate in two years, partly due to tax increases in Finance Minister Rachel Reeves' first budget on Oct. 30.
•Investors were preparing to wrap up a volatile month that lifted the dollar to a four-month high.
• Immediate resistance is located at 1.2713( Nov 20th high), any close above will push the pair towards 1.2731(50%fib)
• Strong support is seen at 1.2629(38.2%fib) and break below could take the pair towards 1.2501(23.6%fib).
Recommendation: Be on sidelines
