TRADING TIPS :
GBP/USDhit 1.5173 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5169, adding 0.17%.Investors were waiting to see if the ECB
would embark on a large scale quantitative easing program later in
the day.Earlier Thursday, the Office for National Statistics said
that U.K. public sector net borrowing rose to £12.47 billion last
month from a revised £11.73 billion in November, whose figure was
revised from a previously estimated £13.41 billion.Analysts had
expected public sector net borrowing to decline to £9.7 billion in
December. The pound had weakened on Wednesday after the minutes of
the Bank of England’s January policy meeting showed that members
voted unanimously to keep the asset puschase facility program on
hold.
INTRADAY
OUTLOOK
Support:
1.5120
Resistance:
1.5201
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5203-TG: 1.5223/1.5253 SL 1.5173
2.
Sell GBP/USD Below 1.5118-TG: 1.5098/1.5068 SL 1.5148
INTRADAY
OUTLOOK
Immediate
Support: 1.1614
Immediate
Resistance: 1.1678
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1680 TG: 1.1700/1.1730 SL 1.1650
2.
Sell EUR/USD Below -1.1612 TG:1.1592/1.1562 SL 1.1642
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