TRADING TIPS :
GBP/USD hit 1.4845 during European
morning trade, the pair’s lowest since July 2013; the pair
subsequently consolidated at 1.4868, slipping 0.09%.Cable was likely
to find support at 1.4811 and resistance at 1.5026. The pound fell to
fresh 20-month lows against the U.S. dollar on Friday, as the
greenback recovered from the previous session’s disappointing U.S.
retail sales report and as investors eyed additional U.S. data to be
released later in the day. The pound had found some support on
Thursday after the U.K. Office for National Statistics said the
country’s goods trade deficit narrowed to £8.41 billion in January
from £9.93 billion in December.whose figure was revised from a
previously estimated deficit of £10.15 billion.
INTRADAY
OUTLOOK
Support:
1.4710
Resistance:
1.4770
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4772-TG: 1.4792/1.4822 SL 1.4742
2.
Sell GBP/USD Below 1.4708-TG: 1.4688/1.4658 SL 1.4738
INTRADAY
OUTLOOK
Support:
1.0450
Resistance:
1.0520
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0522-TG: 1.0542/1.0572 SL 1.0492
2.
Sell EUR/USD Below 1.0448-TG: 1.0428/1.0520 SL 1.0398
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