TRADING TIPS :
GBP/USD hit 1.5353 during European
morning trade, the pair’s lowest since February 18; the pair
subsequently consolidated at 1.5384, shedding 0.19%.In a report, the
Office for National Statistics said U.K. retail sales rose fell 0.3%
in January, compared to expectations for a 0.2% downtick. December’s
figure was revised to a 0.2% gain from a previously estimated
increase of 0.4%.Year-on-year, U.K. retail sales rose at a rate of
4.8% last month, below expectations for a 5.9% increase and after a
downwardly revised 3.8% gain in December.A separate report showed
that U.K. public sector net borrowing dropped by £9.40 billion
January, more than the expected decline of £7.80 billion. December’s
figure was revised to a £9.87 rise from a previously estimated
£12.47 increase.
INTRADAY
OUTLOOK
Support:
1.5315
Resistance:
1.5389
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5392-TG: 1.5412/1.5442 SL 1.5362
2.
Sell GBP/USD Below 1.5313-TG: 1.5293/1.5263 SL 1.5343
INTRADAY
OUTLOOK
Immediate
Support: 1.1268
Immediate
Resistance: 1.1359
RECOMMENDATION:
1.
Buy EUR/USD Above -1.1361 TG: 1.1381/1.1411 SL 1.1331
2.
Sell EUR/USD Below -1.1266 TG:1.1246/1.1216 SL 1.1296
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