TRADING TIPS :
GBP/USD at 1.5150 after the Nationwide
Building Society reported that U.K. house price inflation rose 0.3%
this month, in line with expectations, after a 0.2% uptick in
December.Year-on-year, U.K. house prices rose 6.8% in January,
exceeding expectations for an increase of 6.6%, after a 7.2% gain the
previous month.In the U.S., the Fed said on Wednesday that it would
keep rates on hold at least until June and reiterated its pledge to
be patient on raising interest rates, while acknowledging the solid
economic recovery and strong growth in the labor market. The central
bank also said it expected inflation to keep declining in the short
term and added that it would take “financial and international
developments” into account before deciding when to hike borrowing
costs.
INTRADAY
OUTLOOK
Support:
1.5078
Resistance:
1.5162
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5165-TG: 1.5185/1.5205 SL 1.5135
2.
Sell GBP/USD Below 1.5075-TG: 1.5055/1.5025 SL 1.5105
INTRADAY
OUTLOOK
Immediate
Support: 1.1261
Immediate
Resistance: 1.1372
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1375 TG: 1.1395/1.1425 SL 1.1335
2.
Sell EUR/USD Below -1.1258 TG:1.1228/1.1198 SL 1.1288
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