TRADING TIPS :
GBP/USD touching lows of 1.5078 after
data on Tuesday showing the annual rate of U.K. inflation rose at the
slowest rate since May 2000 in December.Official figures showed that
annual rate of consumer inflation in the U.K. slowed to 0.5% last
month, underlining expectations that the Bank of England will keep
rates on hold this year.The annual rate of consumer inflation slowed
to 0.5% last month the Office of National Statistics said, down from
1.0% in November. It was the lowest rate of inflation since May 2000.
Economists had expected a smaller decline to 0.7%.Consumer prices
were unchanged month-on-month, compared to expectations for a reading
of 0.1% after falling 0.3% in November.
INTRADAY
OUTLOOK
Support:
1.5116
Resistance:
1.5193
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5195-TG: 1.5215/1.5235 SL 1.5165
2.
Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144
INTRADAY
OUTLOOK
Immediate
Support: 1.1746
Immediate
Resistance: 1.1805
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1807 TG: 1.1827/1.1857 SL 1.1777
2.
Sell EUR/USD Below -1.1744 TG:1.1724/1.1694 SL 1.1777
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