TRADING
TIPS :
The pound edged higher against the U.S.
dollar on Tuesday, after data showed that U.K. consumer prices rose
in line with expectations last month, while sentiment on the green-
back remained vulnerable ahead of the Federal Reserve’s policy
statement this week. GBP/USD hit 1.5457 during European morning
trade, the session high; the pair subsequently consolidated at
1.5451, adding 0.16%.Cable was likely to find support at 1.5335, the
low of September 10 and resistance at 1.5507, the high of August
27.The U.K. Office for National Statistics reported on Tuesday that
the consumer price indexrose 0.2% last month, in line with
expectations, after a 0.2% fall in July.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
SELL
GBPUSD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1300 TARGET 1320 1350 SL 1.1270
SELL
EURUSD BELOW 1.1270 TARGET 1.1250 1.1220 SL 1.1300
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