TRADING
TIPS :
The pound edged up near
three-and-a-half week highs against the U.S. dollar on Friday, as the
Federal Reserve’s decision to hold interest rates this month
dampened demand for the greenback.GBP/USD hit 1.5629 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5608, adding 0.11%.Cable was likely to find support at 1.5484,
Thursday’s low and resistance at 1.5720, the high of August 26.The
dollar weakened broadly after the Fed kept interest rates unchanged
on Thursday, but losses were limited as the central bank left open
the possibility of a rate hike later this year.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5560 TARGET 1.5580 1.5610 SL 1.5530
SELL
GBPUSD BELOW 1.5520 TARGET 1.5500 1.5470 SL 1.5550
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1320 TARGET 1.1340 1.1370 SL 1.1290
SELL
EURUSD BELOW 1.1290 TARGET 1.1270 1.1240 SL 1.1320
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