TRADING TIPS :
GBP/USD hit 1.4896
during European morning trade, the session high; the pair
subsequently consolidated at 1.4888, gaining 0.27%.The pound rose
against the U.S. dollar on Wednesday, after upbeat U.K. mortgage
approvals data, although the greenback remained mildly supported by
hopes for a near-term U.S. rate hike.In a report, the British
Banker's Association said that the number of new mortgages approved
increased to a five-month high of 37,300 last month from January’s
total of 36,400. Analysts had expected the number of new mortgages
approved to rise to 36,900 in February.The uptick in underlying
inflation indicated that the Federal Reserve would still have leeway
to tighten monetary policy even with inflation running below target.
INTRADAY
OUTLOOK
Support:
1.4839
Resistance:
1.4899
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4901-TG: 1.4921/1.4951 SL 1.4871
2.
Sell GBP/USD Below 1.4837-TG: 1.4917/1.4887 SL 1.4867
INTRADAY
OUTLOOK
Support:
1.0931
Resistance:
1.0991
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0993-TG: 1.1013/1.1043 SL 1.0963
2.
Sell EUR/USD Below 1.0929 -TG:1.0909/1.0879 SL 1.0959
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