TRADING TIPS :
GBP/USD tumbling 1.08% to 1.5081.The
dollar showed little reaction to data on Thursday showing that the
number of Americans who filed for unemployment assistance rose by
7,000 to 320,000 last week from the previous week’s total of
313,000.Another report showed that U.S. factory orders slipped 0.2%
in January, compared to expectations for a 0.2% rise. December’s
figure was revised to a 3.5% decline from a previously estimated 3.4%
drop. Also Thursday, the Bank of England left interest rates
unchanged at their current record low of 0.50%, where they have been
since March 2009. The central bank also maintained the stock of asset
purchases financed by the issuance of central bank reserves at £375
billion.
INTRADAY
OUTLOOK
Support:
1.5002
Resistance:
1.5069
1.
Buy GBP/USD Above 1.5071-TG: 1.5091/1.5121 SL 1.5041
2.
Sell GBP/USD Below 1.5000-TG: 1.4980/1.4950 SL 1.5030
INTRADAY
OUTLOOK
Support:
1.0838
Resistance:
1.0906
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0908-TG: 1.0928/1.0958 SL 1.0878
2.
Sell EUR/USD Below 1.0836-TG: 1.0816/1.0786 SL 1.0866
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