TRADING
TIPS :
GBP/USD hit 1.5492 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5460, adding 0.15%. The pound edged up against the U.S. dollar
on Thursday, hovering near two-month highs as sentiment on the
greenback remained vulnerable after the Federal Reserve’s latest
policy statement released on Wednesday. Cable was likely to find sup-
port at 1.5325, Wednesday’s low and resistance at 1.5552, the high
of February 26. The dollar came under pressure after the Fed cited
weakness in the U.S. economy, leading investors to believe that the
central bank will not raise interest rates in the near future.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5190 TARGET 1.5210 1.5240 SL 1.5160
SELL
GBPUSD BELOW 1.5100 TARGET 1.5080 1.5050 SL 1.5130
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1230 TARGET 1.1250 1.1280 SL 1.1200
SELL
EURUSD BELOW 1.1150 TARGET 1.1130 1.1100 SL 1.1180
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