TRADING
TIPS :
USD/JPY held steady, just below
six-year highs at 107.25 as the diverging monetary policy stance
between the Fed and the Japanese central bank continued to pressure
the yen lower.The yen came under pressure last week after Bank of
Japan Governor Haruhiko Kuroda said that the bank would be prepared
to immediately loosen monetary policy or implement other measures if
its 2% inflation target becomes difficult to meet.The euro fell
against the dollar, to trade close to 14-month lows with EUR/USD down
0.32% to 1.2924.Market sentiment weakened after data on Saturday
showed that Chinese industrial output slowed sharply last month.
INTRADAY
OUTLOOK
Support:
106.82
Resistance:
107.45
RECOMMENDATION:
1.
Buy USD/JPY Above 107.47-TG:107.67/107.97 SL 107.17
2.
Sell USD/JPY Below 106.80-TG:106.60/106.30 SL 107.10
INTRADAY
OUTLOOK
Immediate
Support:1.6209
Immediate
Resistance:1.6284
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6286-TG:1.6306/1.6336 SL 1.6256
2.
Sell GBP/USD Below 1.6207-TG:1.6187/1.6157 SL 1.6237
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