TRADING TIPS :
GBP/USD up 0.43% to 1.5245.Industry
data earlier showed that U.K. house price inflation rose 2.0% in
January, beating expectations for a 0.1% uptick. December’s figure
was revised to a 1.1% increase from a previously estimated 0.9%
gain.House prices in January were 8.5% higher than the same month a
year earlier, above forecasts for a 7.8% gain and after an increase
of 7.8% in December. The report came a day after data showed that the
Markit/CIPS Services PMI increased to 57.2 last month from a reading
of 55.8 in December. Expected index to rise to 56.3 in January. Later
Thursday, the BoE was expected to leave interest rates on hold at
0.50% and its asset purchase facility program at £375 billion.
INTRADAY
OUTLOOK
Support:
1.5192
Resistance:
1.5272
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5274-TG: 1.5294/1.5324 SL 1.5244
2.
Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220
INTRADAY
OUTLOOK
Immediate
Support: 1.1362
Immediate
Resistance: 1.1467
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2.
Sell EUR/USD Below -1.1360 TG:1.1340/1.1310 SL 1.1390
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