TRADING
TIPS :
GBP/USD hit 1.4960 during European
morning trade, the session low; the pair subsequently consolidated at
1.5008, sliding 0.19%.The pound fell agains the U.S. dollar on
Thursday, after disappointing retail sales data from the U.K. and as
the previous session’s U.S. home sales data continued to support
the greenback. Cable was likely to find support at 1.4852, the low of
April 21 and resistance at 1.5080, Wednesday’s high.In a report,
the Office for National Statistics said that U.K. retail sales fell
0.5% last month, compared to expectations for a 0.4% rise and after a
downwardly revised increase of 0.6% in February.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5080 TARGET 1.5100 1.5130 SL 1.5050
SELL
GBPUSD BELOW 1.5010 TARGET 1.4990 1.4960 SL 1.5040
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0850 TARGET 1.0870 1.0900 SL 1.0820
SELL
EURUSD BELOW 1.0765 TARGET 1.0745 1.0715 SL 1.0795
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