TRADING TIPS :
GBP/USD hit 1.5466 during European
morning trade, the session high; the pair subsequently consolidated
at 1.5448.Sentiment on the dollar remained vulnerable after the
minutes of the Fed’s January meeting showed that policymakers
expressed concern that raising interest rates too soon could dampen
the U.S. economic recovery. The pound had strengthened on Wednesday
after data showed that the U.K. 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.Meanwhile, investors continued to focus on developments in
Greece, as Athens was expected to submit a request for an extension
of its existing loan agreement with the euro zone, which
differentiates from its bailout, later Thursday.
INTRADAY
OUTLOOK
Support:
1.5401
Resistance:
1.5478
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5480-TG: 1.5500/1.5530 SL 1.5450
2.
Sell GBP/USD Below 1.5399-TG: 1.5379/1.5349 SL 1.5429
INTRADAY
OUTLOOK
Immediate
Support: 1.1342
Immediate
Resistance: 1.1448
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1450 TG: 1.1470/1.1500 SL 1.1420
2.
Sell EUR/USD Below -1.1340 TG:1.1320/1.1290 SL 1.1370
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