TRADING TIPS :
USD/JPY traded at 108.11, down 0.05%, .The dollar gained against the yen early Wednesday in Asia with the Australian dollar flat and all eyes on the upcoming Federal Reserve monetary policy announcement.The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the greenback ahead of time.Up ahead, Japan’s September preliminary industrial output data is due at at 0850 Tokyo The forecast is for a 2.2% gain on month, which would be the first rise in two months.
INTRADAY OUTLOOK
Support:1.6116
Resistance: 1.6152
RECOMMENDATION:
1. Buy GBP/USD Above 1.6153-TG:1.6173/1.6203 SL 1.6123
2. Sell GBP/USD Below 1.6115-TG:1.6095/1.6065 SL 1.6145
INTRADAY OUTLOOK
Immediate Support: 108.03
Immediate Resistance: 108.21
RECOMMENDATION:
1. Buy USD/JPY Above 108.22-TG:108.42/108.72 SL 107.92
2. Sell USD/JPY Below 108.02-TG:107.78/107.48 SL 108.32
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USD/JPY traded at 108.11, down 0.05%, .The dollar gained against the yen early Wednesday in Asia with the Australian dollar flat and all eyes on the upcoming Federal Reserve monetary policy announcement.The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the greenback ahead of time.Up ahead, Japan’s September preliminary industrial output data is due at at 0850 Tokyo The forecast is for a 2.2% gain on month, which would be the first rise in two months.
INTRADAY OUTLOOK
Support:1.6116
Resistance: 1.6152
RECOMMENDATION:
1. Buy GBP/USD Above 1.6153-TG:1.6173/1.6203 SL 1.6123
2. Sell GBP/USD Below 1.6115-TG:1.6095/1.6065 SL 1.6145
INTRADAY OUTLOOK
Immediate Support: 108.03
Immediate Resistance: 108.21
RECOMMENDATION:
1. Buy USD/JPY Above 108.22-TG:108.42/108.72 SL 107.92
2. Sell USD/JPY Below 108.02-TG:107.78/107.48 SL 108.32
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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