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2 Apr 2015
GBP/USD mildly bullish, buy intraday dips – AceTrader
FXStreet (Barcelona) - The AceTrader Team suggests buying intraday GBP/USD dips, with the pair expected to trade choppy in its broad range, but with a mild upside bias.
Key Quotes
“Yesterday's rebound from 1.4740 suggests further choppy trading inside early broad range of 1.5166 (post-FOMC high)-1.4689 would continue ahead of Friday's important U.S. non-farm payroll data and with mild upside bias and buying the pound on intra-day pullback is recommended today.”
“Having said that, investors shud pay attention to the release of U.K. Markit/CIPS construction PMI at 08:30GMT. Market expects the reading to drop slightly to 59.5 from 60.1 in preceding month.”
“At the moment, bids from various accounts are noted at 1.4810-00, 1.4785/80 and then 1.4760-50 with stops emerging below 1.4740.”
“On the upside, offers are placed at 1.4860-70 and around 1.4890 with stops located just above 1.4900.”
Key Quotes
“Yesterday's rebound from 1.4740 suggests further choppy trading inside early broad range of 1.5166 (post-FOMC high)-1.4689 would continue ahead of Friday's important U.S. non-farm payroll data and with mild upside bias and buying the pound on intra-day pullback is recommended today.”
“Having said that, investors shud pay attention to the release of U.K. Markit/CIPS construction PMI at 08:30GMT. Market expects the reading to drop slightly to 59.5 from 60.1 in preceding month.”
“At the moment, bids from various accounts are noted at 1.4810-00, 1.4785/80 and then 1.4760-50 with stops emerging below 1.4740.”
“On the upside, offers are placed at 1.4860-70 and around 1.4890 with stops located just above 1.4900.”