TRADING TIPS :
GBP/USD hit 1.5076 during European
morning trade, the session low; the pair subsequently consolidated at
1.5106, shedding 0.25%. In a report, the U.K. Office for National
Statistics said that the rate of unemployment dipped to 5.8% in the
three months to November from 6.0% in the previous three month-period
and better than expectations for a reading of 5.9%.The report also
showed that the claimant count fell by 29,700 last month, compared to
expectations for a decline of 25,000 people. November’s figure was
revised to a drop of 29,600 people from a previously reported decline
of 26,900.Data also showed that the average earnings index rose 1.7%
in the three months to November, meeting forecasts, after increasing
by 1.4% in the three months to October. Excluding bonuses, wages rose
by 1.8% in the three months to November, below expectations for a
gain of 1.9% and following a 1.6% increase in the three months to
October.
INTRADAY
OUTLOOK
Support:
1.5081
Resistance:
1.5143
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115
2.
Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108
INTRADAY
OUTLOOK
Immediate
Support: 1.1539
Immediate
Resistance: 1.1591
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1593 TG: 1.1613/1.1643 SL 1.1563
2.
Sell EUR/USD Below -1.1536 TG:1.1516/1.1486 SL 1.1566
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