TRADING TIPS :
GBP/USD hit 1.5284 during European morning trade, the
session low; the pair subsequently consolidated at 1.5300, edging
down 0.11%. The pound slipped lower against the U.S. dollar on
Friday, re-approaching a three-week trough as demand for the
greenback remained supported by expectations for an upcoming U.S.
rate hike and ahead of U.S. economic growth data due later in the
day.Cable was likely to find support at 1.5241, the low of May 8 and
resistance at 1.5439, the high of May 27.Expectations that the
economy will rebound have supported the view that the Federal Reserve
will begin to hike interest rates around September.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5555 TARGET 1.5595 1.5645 SL 1.5505
SELL
GBPUSD BELOW 1.5170 TARGET 1.5130 1.5080 SL 1.5220
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1050 TARGET 1.1090 1.1140 SL 1.1000
SELL
EURUSD BELOW 1.0855 TARGET 1.0815 1.0765 SL 1.0905
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