TRADING
TIPS :
GBP/USD hit 1.5175 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5146.The pound was almost unchanged against the U.S. dollar on
Monday, trading close to one-week lows as demand for the greenback
remained supported after Friday’s upbeat U.S. data and as investors
eyed the upcoming U.K. election. Cable was likely to find support at
1.5025, the low of April 24 and resistance at 1.5266, the high of
April 27.The dollar regained some ground after a report by the
Institute for Supply Management on Friday showed that activity in the
manufacturing sector was stable in April, after slowing in the five
previous months.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5180 TARGET 1.5200 1.5230 SL 1.5150
SELL
GBPUSD BELOW 1.5090 TARGET 1.5070 1.5040 SL 1.5120
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1195 TARGET 1.1205 1.1235 SL 1.1165
SELL
EURUSD BELOW 1.1115 TARGET 1.1095 1.1065 SL 1.1145
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