TRADING TIPS :
GBP/USD hit 1.5225 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5212, adding 0.20%. Cable was likely to find support at 1.5074,
the low of January 13 and resistance at 1.5270, the high of January
14.The dollar showed little reaction to data on Thursday showing that
the number of people who filed for unemployment assistance in the
U.S. last week rose to a four-month high of 316,000, compared to
expectations for a decline of 6,000.The pound edged higher against
the U.S. dollar on Friday, but were held in check as demand for the
greenback remained broadly supported despite Thursday\’s mixed bag
of U.S. Data. A separate report showed that U.S. producer prices fell
by the most in three years in December, falling 0.3% as energy costs
tumbled.
INTRADAY
OUTLOOK
Support:
1.5193
Resistance:
1.5266
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2.
Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220
INTRADAY
OUTLOOK
Immediate
Support: 1.1688
Immediate
Resistance: 1.1758
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1760 TG: 1.1780/1.1810 SL 1.1730
2.
Sell EUR/USD Below -1.1685 TG:1.1665/1.1635 SL 1.1715
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