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 index rose 0.2% last month, in line with expectations, after a 0.2% fall in July.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5360 TARGET 1.5380 1.5410 SL 1.5330
SELL GBP/USD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360
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