TRADING TIPS :
GBP/USD was down 0.4% to 1.4616 from
around 1.4658 ahead of the data .Sterling fell to session lows on
Tuesday after data showing that the U.K. avoided slipping into
negative inflation in March, but consumer prices remained flat due to
cheaper food and energy costs. The drop in the pound came after the
Office of National Statistics reported that the annual rate of
consumer inflation remained unchanged at a record low zero in March,
unchanged from the previous month and in line with forecasts.
Consumer prices rose 0.2% from a month earlier, in line with
forecasts, following 0.3% increase in February.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.4800 TARGET 1.4820 1.4850 SL 1.4770
SELL
GBPUSD BELOW 1.4740 TARGET 1.4720 1.4690 SL 1.4770
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0705 TARGET 1.0725 1.0755 SL 1.0675
SELL
EURUSD BELOW 1.0605 TARGET 1.0585 1.0555 SL 1.0635
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