TRADING
TIPS :
GBP/USD hit 1.6126 during European
morning trade, the session high; the pair subsequently consolidated
at 1.6089, adding 0.09% Cable was likely to find support at 1.6006,
Friday’s low and resistance at 1.6227, the high of October 9.Market
sentiment was hit last week after the International Monetary Fund cut
its forecasts for global growth in 2014 and 2015 and warned that
global growth may never reach its pre-crisis levels ever again .The
pound edged higher against the U.S. dollar in quiet trade on Monday,
with U.S. markets to remain closed for Columbus Day and although
global growth concerns persisted.
INTRADAY
OUTLOOK
Support:1.6086
Resistance:
1.6142
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6143-TG:1.6163/1.6193 SL 1.6113
2.
Sell GBP/USD Below 1.6085-TG:1.6065/1.6035 SL 1.6115
INTRADAY
OUTLOOK
Immediate
Support:107.29
Immediate
Resistance: 107.54
RECOMMENDATION:
1.
Buy USD/JPY Above 107.55-TG:107.75/108.05 SL 107.25
2.
Sell USD/JPY Below 107.28-TG:107.08/106.78 SL 107.58
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