TRADING TIPS :
GBP/USD hit 1.5099 during European
morning trade, the session low; the pair subsequently consolidated at
1.5120, shedding 0.25%. Cable was likely to find support at 1.5032,
the low of January 8 and an 18-month low and resistance at 1.5337,
the high of January 5. The pound slid to nearly 18-month lows against
the U.S. dollar in quiet trade on Monday, as demand for the greenback
remained broadly supported despite Friday’s downbeat U.S. average
earnings data.The Labor Department reported on Friday that the
economy added 252,000 jobs in December, more than the 240,000
forecast by economists. The unemployment rate ticked down to a
six-and a-half year low 5.6%.However, average earnings fell by 0.2%
last month and were up by only 1.7% from a year earlier.
INTRADAY
OUTLOOK
Support:
1.5148
Resistance:
1.5215
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5218-TG: 1.5238/1.5268 SL 1.5188
2.
Sell GBP/USD Below 1.5145-TG: 1.5125/1.5095 SL 1.5175
INTRADAY
OUTLOOK
Immediate
Support: 1.1812
Immediate
Resistance: 1.1887
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1890 TG: 1.1910/1.1940 SL 1.1860
2.
Sell EUR/USD Below -1.1810 TG:1.1790/1.1760 SL 1.1840Click 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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