TRADING TIPS :
GBP/USD hit 1.4903 during European
morning trade, the session high; the pair subsequently consolidated
at 1.4891, climbing 0.55%.The pound was higher against the U.S.
dollar on Wednesday, as demand for the greenback weakened ahead of
the minutes of the Federal Reserve’s latest policy meeting,
expected later in the day. Cable was likely to find support at
1.4797, Tuesday’s low and resistance at 1.4982, the high of April
6.Market participants wereeyeing the Fed’s upcoming meeting minutes
for indications on the central bank’s next policy moves after
Friday’s downbeat jobs data fuelled uncertainty over the timing of
a rate hike.
RECOMMENDATION:
Buy
GBP/USD Above 1.4951-TG: 1.4971/1.5001 SL 1.4931
Sell
GBP/USD Below 1.4887-TG: 1.4867/1.4837 SL 1.4917
RECOMMENDATION:
Buy
EUR/USD Above 1.0870-TG: 1.0890/1.0920 SL 1.0840
Sell
EUR/USD Below 1.0806 -TG:1.0786/1.0756 SL 1.0836
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