• GBP/USD steady in Asia after closing 0.1% lower on Tuesday

• Bulls encouraged by bounce from 100-day MA at 1.3466

• But elevated oil prices, inflation fears likely to cap rallies

• Oil supply concerns to intensify as U.S. to extend Iran blockade

• UK 10-year gilt yields recorded their highest close since 2008 on Tue

• Focus shifts to Fed rate decision Wednesday, BoE rate meeting Thursday

• Support 1.3500, 1.3450-60, resistance 1.3570-75, 1.3600

• Tuesday range 1.34635-1.3539, Asia range 1.35115-1.3528
GBP:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)