The GBPUSD fell in early European trading after the CPI report came in lower than expected.  The pair attempted to bounce in New York trading but couldn't find much momentum.   All eyes will be on the Bank of England Minutes early Wednesday for any indication of further bond purchases.  Support can be found at the 50 fib from the Jan lows at 1.5767 and the daily low at 1.5730.  A break of this support zone could open the door for a move down towards 1.56.  Daily resistance can be found at 1.5835.

Sup     1.5767/1.5730

Res       1.5835