FxWirePro: GBP/USD bulls loosen their grip a bit, dips to be bought

• GBP/USD eased   on Wednesday as dollar was firm due to upbeat consumer confidence data and hopes for more U.S. trade deals.

• U.S. consumer confidence improved in May after deteriorating for five straight months amid a truce in the trade war between Washington and China, the Conference Board said on Tuesday its consumer confidence index increased 12.3 points to 98.0 this month.

• Minutes of the Federal Reserve's latest policy meeting were due later in the day, followed by the U.S. PCE data for April, due on Friday.

• Attention this week will also be on speeches from Federal Reserve policymakers and U.S. core PCE data on Friday.

•At GMT 11:55, the pair was trading down   0.22 percent  at 1.3477

•   Immediate resistance is located at 1.3611(23.6%fib), any close above will push the pair towards 1.3662(Higher BB)

•  Strong support is seen at 1.3471(38.2%fib) and break below could take the pair towards 1.3270(50%fib).

  Recommendation: Good to buy  around 1.3470, with stop loss of 1.3400 and target price of 1.3570