TRADING
TIPS :
GBP/USD hit 1.5492 during European
morning trade, the session low; the pair subsequently consolidated at
1.5502, edging down 0.10%.The pound slipped lower against the U.S.
dollar on Friday, as demand for the greenback remained supported by
the previous session’s upbeat U.S. retail sales report and ahead of
an additional report on U.S. consumer sentiment due later in the day.
Cable was likely to find support at 1.5365, the low of June 10 and
resistance at 1.5591, the high of May 20.The dollar found support
after the U.S. Commerce Department reported on Thursday that retail
sales increased by 1.2% last month, beating expectations for a gain
of 1.1%, and that core retail sales, which exclude automobile sales,
rose by 1.0% in May, compared to forecasts for a 0.7% increase.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5546 TARGET 1.5566 1.5596 SL 1.5516
SELL
GBPUSD BELOW 1.5533 TARGET 1.5513 1.5483 SL 1.5563
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1225 TARGET 1.1245 1.1275 SL 1.1195
SELL
EURUSD BELOW 1.1200 TARGET 1.1180 1.1150 SL 1.1230
0 comments:
Post a Comment