TRADING TIPS :
USD/JPY sliding 0.58% to 118.93 from
119.62 late Monday.The safe haven yen was boosted by declines in
Asian equity markets overnight, as falling oil prices and concerns
over the outlook for the euro zone economy sparked a selloff in
stocks.The U.S. dollar index, which measures the greenback against a
basket of six major currencies, slid 0.13% to 91.54 but remained
close to Monday’s nine-year peaks, supported by weakness in the
euro. The dollar remained near nine-year highs against the other
major currencies in quiet trade on Monday, as expectations for a U.S.
rate hike this year continued to lend broad support to the greenback.
INTRADAY
OUTLOOK
Support:
118.64
Resistance:
119.43
RECOMMENDATION:
1.
Buy USD/JPY Above 119.45-TG: 119.65/119.95 SL 119.15
2.
Sell USD/JPY Below 118.61-TG: 118.41/118.11 SL 118.91
INTRADAY
OUTLOOK
Immediate
Support: 1.1860
Immediate
Resistance: 1.1928
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1930 TG: 1.1950/1.1980 SL 1.1900
2.
Sell EUR/USD Below -1.1858 TG:1.1838/1.1808 SL 1.1888
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