• GBP/USD eased on Wednesday as the U.S. dollar held steady as markets assessed fresh U.S. labour market data ahead of Friday’s key employment report.
• U.S. private payrolls rose by 41,000 in December, below expectations, and weaker-than-forecast JOLTS job openings for November pointed to easing labour market conditions..
• The ADP report, produced in collaboration with the Stanford Digital Economy Lab, was released ahead of Friday’s closely watched December employment report from the Bureau of Labor Statistics..
• Friday's nonfarm payrolls data will offer insights on Federal Reserve monetary policy, with markets currently pricing in two more rate cuts this year.
• Immediate resistance is located at 1.3559( 38.2%fib), any close above will push the pair towards 1.3602(Higher BB)
• Strong support is seen at 1.3454(50%fib) and break below could take the pair towards 1.34301 (SMA 20).
Recommendation: Good to sell around 1.3480, with stop loss of 1.3550 and target price of 1.3430
