TRADING TIPS :
GBP/USD hit 1.4990 during European
morning trade, the pair’s highest since March 18; the pair
subsequently consolidated at 1.4979, advancing 0.67%.The pound
climbed to a one-week high against the U.S. dollar on Thursday,
supported by upbeat U.K. retail sales data and as demand for the
greenback remained under pressure after Wednesday’s disappointing
U.S. economic reports.In a report, the U.K. Office for National
Statistics said retail sales increased 0.7% last month, above
forecasts for a gain of 0.4%. Retail sales in January rose by 0.1%,
whose figure was revised from a previously reported decline of 0.3%.
INTRADAY
OUTLOOK
Support:
1.4910
Resistance:
1.4970
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4972-TG: 1.4992/1.5022 SL 1.4942
2.
Sell GBP/USD Below 1.4902-TG: 1.4882/1.4852 SL 1.4932
INTRADAY
OUTLOOK
Support:
1.0996
Resistance:
1.1056
RECOMMENDATION:
1.
Buy EUR/USD Above 1.1058-TG: 1.1078/1.1108 SL 1.1028
2.
Sell EUR/USD Below 1.0994 -TG:1.0974/1.0944 SL 1.1024
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