Trading Tips:The GBP/USD pair trades 0.17% higher at 1.5467, having found good support near 5-DMA located at 1.5454. The major extends its choppy -trend into the mid-European trades, reversing brief downward spike to 1.5450 levels and now looks to revisit daily highs recorded at 1.5481 in last hours. The pound continues to ride higher versus the US dollar on Monday, as markets continue to cheer last week’s labour data from the UK ahead of Tuesday’s BOE Governor Carney speech. However, further upmoves remain capped amid broad based US dollar rebound as risk-sentiment returned with higher European indices. The USD index gains 0.17% to 94.93. Amid a data-light trading calendar, traders await today’s Fed speakers, including speeches from Lael Brainard and Jeffrey Lacker, with both currently voting members this year.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5480 TARGET 1.5500 1.5530 SL 1.5450
SELL GBP/USD BELOW 1.5430 TARGET 1.5410 1.5370 SL 1.5460
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