TRADING
TIPS :
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USD/JPY was down 0.33%
and trading at 101.39, up from a session low of 101.32 and off a high
of 101.73. The pair was expected to test support at 101.32, the
earlier low, and resistance at 102.17, Tuesday’s high. On Thursday,
St. Louis Federal Reserve President James Bullard told Fox Business
Network that an improving economy may make conditions ripe for
interest rates to rise possibly in early 2015.
INTRADAY
OUTLOOK
Support:
1.7020
Resistance:
1.7050
RECOMMENDATION:
1.
Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2.
Sell GBP/USD Below 1.7020- TG: 1.6990/ 1.6960 SL 1.7050
INTRADAY
OUTLOOK
Immediate
Support: 1.3620
Immediate
Resistance: 1.3650
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3650- TG: 1.3680/1.3710 SL 1.3620
2.
Sell EUR/USD Below 1.3620- TG: 1.3590/1.3560 SL 1.3650
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