Trading Tips:The GBP/USD pair trades uneventfully around the 1.4500 level, unchanged ever since the day started and unable to react to market’s improved mood. The dollar however, trades generally higher across the board, as during the Asian session, speculation that Japan will intervene further to weaken the yen sent the local benchmark, the Nikkei 225, up over 1,000 points.In Europe, stocks opened strongly higher, with the London FTSE 100 extending its Friday’s advance; however, the GBP/USD pair remains within a tight range. With no data in the UK and a holiday in the US, the pair will likely remain limited this Monday, with the risk remaining towards the downside as long as stocks keep running.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.4500 TARGET 1.4520 1.4550 SL 1.4470
SELL GBP/USD BELOW 1.4460 TARGET 1.4440 1.4410 SL 1.4490
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