• GBP/USD moved the higher on Tuesday as investors digested UK employment and wages data and positioned ahead of a pivotal UK inflation report.
• A report on British inflation is set to be released on Wednesday, with the headline consumer price index anticipated to drop to 1.9%.
• At GMT 18:07, the pair was trading up 0.04 percent at 1.3064 recovering from daily low at 1.3040.
• Immediate resistance is located at 1.3094(38.2%fib), any close above will push the pair towards 1.3187(23.6%fib)
• Strong support is seen at 1.3025(50%fib) and break below could take the pair towards 1.2958(Lower BB).
Recommendation: Good to sell around 1.3060 , with stop loss of 1.3110 and target price of 1.2950
