Core Viewpoint - GBP/USD has reached a two-month high around 1.3660, driven by a weaker dollar and positive UK employment data [1]. Technical Overview - The Fibonacci 78.6% retracement level at 1.3640 serves as immediate resistance. A breakout above this level could lead to the next resistance at 1.3700, followed by 1.3770 [4]. - Support levels are identified at 1.3600, 1.3540, and 1.3500 [4]. Fundamental Overview - UK ILO unemployment rate remained stable at 4.7%, aligning with expectations. Average salary growth, excluding bonuses, slightly decreased from 5% to 4.8%, matching market consensus [6]. - The market is currently focused on upcoming US retail sales data, which could provide short-term support for the dollar if stronger than expected [6]. - Improved risk sentiment has pressured the dollar, with expectations of a dovish outlook from the Federal Reserve contributing to this trend [5].