TRADING TIPS :
GBP/USDhit 1.5426 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5426, gaining 0.49%.In a report, the U.K. Office for National
Statistics said that the unemployment rate fell to a six-year low
5.7% in the three months to December from 5.8% in the preceding three
month-period and better than expectations for a reading of 5.8%.The
report also showed that the claimant count fell by 38,600 last month,
compared to expectations for a decline of 25,000.December’s figure
was revised to a drop of 35,800 people from a previously reported
decline of 29,700.Data also showed that the U.K. average earnings
index, including bonuses, rose 2.1% in the three months to December,
above forecasts for 1.7% and after increasing by 1.8% in the three
months to November.
INTRADAY
OUTLOOK
Support:
1.5369
Resistance:
1.5439
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5441-TG: 1.5461/1.5491 SL 1.5411
2.
Sell GBP/USD Below 1.5367-TG: 1.5347/1.5317 SL 1.5397
INTRADAY
OUTLOOK
Immediate
Support: 1.1347
Immediate
Resistance: 1.1414
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1416 TG: 1.1436/1.1466 SL 1.1386
2.
Sell EUR/USD Below -1.1345 TG:1.1325/1.1295 SL 1.1375
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