TRADING TIPS :
GBP/USD pulled away from 1.5117, the
session high, to hold steady at 1.5075 during European morning
trade.In a report, the Office for National Statistics said U.K. gross
domestic product expanded by 0.5% in the final three months of 2014,
below forecasts for growth of 0.6%. The U.K.’s economy grew by 0.7%
in the previous quarter.Year-over-year, U.K. economic growth grew
2.7% in the three months ending December, missing expectations for a
gain of 2.8%. The U.K. economy expanded at an annualized rate of 2.6%
in the third quarter of 2014.A separate report showed that U.K.
mortgage approvals decreased to a 20-month low of 35,700 last month
from November’s total of 36,700. Analysts had expected the number
of new mortgages approved to decline to 36,600 in December.
INTRADAY
OUTLOOK
Support:
1.5058
Resistance:
1.5131
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5133-TG: 1.5153/1.5183 SL 1.5103
2.
Sell GBP/USD Below 1.5055-TG: 1.5035/1.5005 SL 1.5085
INTRADAY
OUTLOOK
Immediate
Support: 1.1215
Immediate
Resistance: 1.1293
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1295 TG: 1.1315/1.1345 SL 1.1265
2.
Sell EUR/USD Below -1.1213 TG:1.1193/1.1163 SL 1.1243
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