TRADING
TIPS :
GBP/USD hit 1.5236 during European
morning trade, the session low; the pair subsequently consolidated at
1.5238, shedding 0.23%. The pound slipped lower against the U.S.
dollar on Monday, re-approaching a one-month trough as demand for the
greenback remained broadly supported by Friday’s upbeat U.S.
employment data. Cable was likely to find support at 1.5168, the low
of June 1 and resistance at 1.5370, the high of June 5.The greenback
strengthened broadly after the Labor Department reported on Friday
that the U.S. economy added 280,000 jobs in May, ahead of economists
forecast for 220,000. The unemployment rate ticked up to 5.5% from
5.4% in the previous month.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5400 TARGET 1.5420 1.5450 SL 1.5370
SELL
GBPUSD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1350 TARGET 1.1370 1.1400 SL 1.1320
SELL
EURUSD BELOW 1.1270 TARGET 1.1250 1.1220 SL 1.1300
0 comments:
Post a Comment