TRADING
TIPS :
GBP/USD hit 1.5313 during European
morning trade, the session low; the pair subsequently consolidated at
1.5327, shedding 0.24%. The pound slipped lower against the U.S.
dollar on Friday, as sentiment on the greenback was mostly supported
ahead of the U.S. nonfarm payrolls report due later in the day. Cable
was likely to find support at 1.5177, the low of June 2 and
resistance at 1.5441, Thursday’s high. Investors were eyeing data
on U.S. nonfarm payrolls due later in the day for further indications
on the strength of the job market. The pound had found some support
on Thursday after the Bank of England held the benchmark interest
rate at 0.50%, in a widely expected move, and maintained the stock of
asset purchases at £375 billion.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5300 TARGET 1.5320 1.5350 SL 1.5270
SELL
GBPUSD BELOW 1.5230 TARGET 1.5210 1.5180 SL 1.5260
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1150 TARGET 1.1170 1.1200 SL 1.1120
SELL
EURUSD BELOW 1.1080 TARGET 1.1060 1.1030 SL 1.1110
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