TRADING TIPS :
GBP/USD hit 1.5250 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5223.In a report, the Office for National Statistics said U.K.
manufacturing production rose 0.1% in December, compared to
expectations for a 0.1% downtick. November’s figure was revised to
a 0.8% increase from a previously estimated 0.7% rise. On an
annualized basis, manufacturing production rose at rate of 2.4% in
December, above expectations for a gain of 2.0%, after rising at a
rate of 3.0% in the previous month. The report also showed that
industrial production fell by 0.2% in December, compared to
expectations for a 0.1% gain, after declining 0.1% in November.
INTRADAY
OUTLOOK
Support:
1.5187
Resistance:
1.5257
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5259-TG: 1.5279/1.5309 SL 1.5229
2.
Sell GBP/USD Below 1.5185-TG: 1.5165/1.5135 SL 1.5215
INTRADAY
OUTLOOK
Immediate
Support: 1.1275
Immediate
Resistance: 1.1351
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1353 TG: 1.1373/1.1403 SL 1.1323
2.
Sell EUR/USD Below -1.1273 TG:1.1253/1.1223 SL 1.1303
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