TRADING TIPS :
GBP/USD hit 1.5337 during European
morning trade, the session low; the pair subsequently consolidated at
1.5349, slipping 0.10%.In a report, the U.K. Office for National
Statistics said the rate of consumer price inflation decelerated to
0.3% last month from 0.5% in December, broadly in line with market
expectations. Month-over-month, consumer price inflation declined
0.9% in January, compared to expectations for a drop of 0.8% and
after holding flat in December.Bank of England Governor Mark Carney
will now have to write an open letter to the Chancellor of the
Exchequer, George Osborn, as inflation is more than a percentage
point below the central bank’s target of 2.0%.
INTRADAY
OUTLOOK
Support:
1.5337
Resistance:
1.5400
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5402-TG: 1.5422/1.5452 SL 1.5372
2.
Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365
INTRADAY
OUTLOOK
Immediate
Support: 1.1392
Immediate
Resistance: 1.1467
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2.
Sell EUR/USD Below -1.1390 TG:1.1370/1.1340 SL 1.1420
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