TRADING TIPS :
USD/JPY hit 119.19 during European
early afternoon trade, the pair’s lowest since December 19; the
pair subsequently consolidated at 119.51, retreating 0.94%.The dollar
remained broadly supported after final data last week showed that
U.S. gross domestic product rose 5.0% in the third quarter, exceeding
expectations for a growth rate of 4.3% and up from 3.9% in the three
months to June.The strong data fuelled further optimism over the
strength of the U.S. economic recovery and added to expectations for
the Federal Reserve to raise interest rates next year.Separately,
markets were jittery after Greek Prime Minister Antonis Samaras said
on Monday that he will recommend parliamentary elections are held on
January 25, almost 18 months before his coalition’s term was due to
end.
INTRADAY
OUTLOOK
Support:
119.15
Resistance:
119.82
RECOMMENDATION:
1.
Buy USD/JPY Above 119.85-TG:120.05/120.35 SL 119.55
2.
Sell USD/JPY Below 119.12-TG:118.92/118.62 SL 119.42
INTRADAY
OUTLOOK
Immediate
Support: 1.2143
Immediate
Resistance: 1.2182
RECOMMENDATION:
1.
Buy EUR/USD Above 1.2185-TG:1.2205/1.2235 SL 1.2155
2.
Sell EUR/USD Below 1.2140-TG:1.2120/1.2090 SL 1.2170
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