TRADING TIPS :
USD/JPY up 0.54% to 119.08.Modest gains
in Asian equity markets overnight dampened demand for the safe haven
yen as investor sentiment recovered following a selloff earlier in
the week.The U.S. dollar index, which measures the greenback against
a basket of six major currencies, hit nine-year highs of 92.14 and
was last at 91.97, supported by weakness in the euro.The Federal
Reserve was to publish the minutes of its latest policy meeting later
Wednesday, which were expected to provide further indications on the
future direction of monetary policy.
INTRADAY
OUTLOOK
Support:
118.55
Resistance:
119.37
RECOMMENDATION:
1.
Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2.
Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83
INTRADAY
OUTLOOK
Immediate
Support: 1.1818
Immediate
Resistance: 1.1876
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1878 TG: 1.1898/1.1928 SL 1.1848
2.
Sell EUR/USD Below -1.1815 TG:1.1795/1.1765 SL 1.1845
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