TRADING
TIPS :
GBP/USD ticked up to highs of 1.5536
from around 1.5500 ahead of the minutes. The pound ticked up to
session highs against the dollar on Wednesday, boosted by a slightly
more hawkish tone in the Bank of England’s May meeting minutes, but
gains were held in check as the greenback remained broadly stronger.
The minutes showed that the Monetary Policy Committee was unanimous
in voting to keep rates on hold this month and its
quantitative-easing program unchanged. The MPC voted 9-0 to keep
interest rates at 0.5%. According to the minutes, two MPC members saw
the decision as “finely balanced”, while all members agreed that
rates more likely
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5615 TARGET 1.5635 1.5665 SL 1.5585
SELL
GBPUSD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1150 TARGET 1.1170 1.1200 SL 1.1120
SELL
EURUSD BELOW 1.1110 TARGET 1.1090 1.1060 SL 1.1140
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