TRADING
TIPS :
The euro traded between small gains and
losses in Asia on Thursday as investors awaited a weekend referendum
on the debt bailout package. Speculation that Greece would cancel a
snap referendum due to be held on July 5 on whether to accept the
terms proposed by lenders for extending the country’s bailout was
denied by Prime Minister Alexis Tsipras. EUR/USD changed hands at
1.1052, flat, while USD/JPY traded at 123.41, up 0.19% after a survey
on company inflation views. In Japan, the June Tankan’s corporate
inflation outlook saw an average 1.4% consumer prices gain in 1 year,
the same as March when companies on average revised down their
longer-term inflation outlook slightly as energy and commodities
markets remained weak.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5730 TARGET 1.5750 1.5780 SL 1.5700
SELL
GBPUSD BELOW 1.5495 TARGET 1.5475 1.5445 SL 1.5525
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1280 TARGET 1.1300 1.1330 SL 1.1250
SELL
EURUSD BELOW 1.1030 TARGET 1.1010 1.0980 SL 1.1060
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