TRADING TIPS :
GBP/USD hit 1.5201 during European
morning trade, the session low; the pair subsequently consolidated at
1.5187, shedding 0.31%. The dollar regained some ground after falling
broadly on Wednesday when a report showed the largest drop in U.S.
retail sales in 11 months in December.Official data showed that U.S.
retail sales fell 0.9% last month after rising 0.4% in November.
Separately, sentiment on the pound remained vulnerable after data on
Tuesday showed that the annual rate of consumer inflation in the U.K.
slowed to 0.5% last month from 1.0% in November. Consumer prices were
unchanged from a month earlier, compared to expectations for an
uptick of 0.1%. The slowdown in inflation underlined expectations
that the Bank of England will keep interest rates on hold at record
lows for most of this year.
INTRADAY
OUTLOOK
Support:
1.5204
Resistance:
1.5278
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5280-TG: 1.5300/1.5330 SL 1.5250
2.
Sell GBP/USD Below 1.5202-TG: 1.5182/1.5152 SL 1.5232
INTRADAY
OUTLOOK
Immediate
Support: 1.1659
Immediate
Resistance: 1.1726
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1728 TG: 1.1748/1.1778 SL 1.1698
2.
Sell EUR/USD Below -1.1657 TG:1.1637/1.1607 SL 1.1687
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