The dollar was up on Tuesday morning in Asia, with moves subdued ahead of Thursday’s European Central Bank (ECB)’s meeting. Although ECB’s policy decision, to be handed down that day, is widely expected to remain unchanged, the focus will be on the bank’s inflation forecasts and whether there are concerns over the euro’s strength.

The GBPUSD market is short term negative and suggests a roll down from flagging congestion that will send selloffs to 1.3095. Sustained selloffs under 1.3095  will encourage declines to 1.3010 and below. A pop over 1.3223  is needed to boost rebounding moves to 1.3300 (SAR).

R2          1.3223
R1          1.3181

S1          1.3137
S2          1.3095