TRADING TIPS :
USD/JPY was down 0.63% to 106.26 from 106.93 late Monday.China’s economy grew at an annual rate of 7.3% in the three months to September, official data on Tuesday showed, slightly higher than the 7.2% forecast by economists, but slowing from 7.5% in the second quarter.It was the slowest rate of growth since the first quarter of 2009, in the midst of the global financial crisis.The slowdown fuelled fears that China will miss its annual growth target of 7.5% and added to speculation that the government will need to roll out fresh stimulus measures to avert a sharper slowdown.The weak data also added to concerns that weaker global growth could act as a drag on the U.S. economy, dampening dollar demand.
INTRADAY OUTLOOK
Support:1.6132
Resistance: 1.6182
RECOMMENDATION:
1. Buy GBP/USD Above 1.6184-TG:1.6204/1.6234 SL 1.6154
2. Sell GBP/USD Below 1.6130-TG:1.6110/1.6090 SL 1.6160
INTRADAY OUTLOOK
Immediate Support:106.46
Immediate Resistance: 107.09
RECOMMENDATION:
1. Buy USD/JPY Above 107.11-TG:107.31/107.61 SL 106.81
2. Sell USD/JPY Below 106.44-TG:106.14/105.84 SL 106.74
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
USD/JPY was down 0.63% to 106.26 from 106.93 late Monday.China’s economy grew at an annual rate of 7.3% in the three months to September, official data on Tuesday showed, slightly higher than the 7.2% forecast by economists, but slowing from 7.5% in the second quarter.It was the slowest rate of growth since the first quarter of 2009, in the midst of the global financial crisis.The slowdown fuelled fears that China will miss its annual growth target of 7.5% and added to speculation that the government will need to roll out fresh stimulus measures to avert a sharper slowdown.The weak data also added to concerns that weaker global growth could act as a drag on the U.S. economy, dampening dollar demand.
INTRADAY OUTLOOK
Support:1.6132
Resistance: 1.6182
RECOMMENDATION:
1. Buy GBP/USD Above 1.6184-TG:1.6204/1.6234 SL 1.6154
2. Sell GBP/USD Below 1.6130-TG:1.6110/1.6090 SL 1.6160
INTRADAY OUTLOOK
Immediate Support:106.46
Immediate Resistance: 107.09
RECOMMENDATION:
1. Buy USD/JPY Above 107.11-TG:107.31/107.61 SL 106.81
2. Sell USD/JPY Below 106.44-TG:106.14/105.84 SL 106.74
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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