Trading Tips:GBP/USD rallied more than 1% on Friday, as momentum surrounding the “Leave” campaign slowed for the time being after officials suspended Brexit-related activities for a second straight day following the tragic murder of a British Parliament member. The currency pair traded in a broad range between 1.4199 and 1.4388 before settling at 1.4207, up 1.10% on the session. With the sharp gains, the Pound Sterling enjoyed its strongest one-day move against the dollar in more than a month. At session-lows on Thursday, the pair tested 1.40, its lowest level since early-March. The Pound has still slid more than 1.25% over the last week amid mounting concerns that voters could support a referendum to leave the European Union next Thursday. GBP/USD likely gained support at 1.3852, the low from Feb. 26 and was met with resistance at 1.4693, the high from May 27.
RECOMMENDATION :
BUY GBP/USD AROUND 1.4190 TGT 1.4210 1.4140 SL 1.4160
SELL GBP/USD AROUND 1.4420 TGT 1.4440 1.4470 SL 1.4390
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