TRADING TIPS :
GBP/USD hit 1.5029 during European
morning trade, the session low; the pair subsequently consolidated at
1.5052, declining 0.51%.Cable was likely to find support at 1.4986,
the low of February 3 and resistance at 1.5135, Monday’s high.The
dollar remained broadly supported after the latest U.S. jobs report
heigthened expectations for higher interest rates.The Fed is expected
to begin raising interest rates around the middle of this year and
investors were looking ahead to next week’s policy statement to see
if it would drop its reference to being patient before raising rates.
INTRADAY
OUTLOOK
Support:
1.5022
Resistance:
1.5097
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5099-TG: 1.5119/1.5149 SL 1.5069
2.
Sell GBP/USD Below 1.5020-TG: 1.5000/1.4970 SL 1.5050
INTRADAY
OUTLOOK
Support:
1.0722
Resistance:
1.0788
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0790-TG: 1.0810/1.0840 SL 1.0760
2.
Sell EUR/USD Below 1.0720-TG: 1.0700/1.0670 SL 1.0750
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