TRADING TIPS :
GBP/USD up 0.28% to 1.5496.during
European morning trade, the pair’s highest since January 2; the
pair subsequently consolidated at 1.5509, gaining 0.36%.In a report,
the British Bankers’ Association said that mortgage approvals rose
by 36,400 in January, beating expectations for an increase of 36,200.
December’s figure was revised to a 35,800 gain from a previously
estimated rise of 35,700.Meanwhile, the greenback remained under
pressure after Fed Chair Yellen said it was “unlikely” that
economic conditions would warrant an interest rate increase for “at
least the next couple of FOMC meetings”.
INTRADAY
OUTLOOK
Support:
1.5450
Resistance:
1.5537
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5539-TG: 1.5559/1.5589 SL 1.5509
2.
Sell GBP/USD Below 1.5448-TG: 1.5428/1.5398 SL 1.5478
INTRADAY
OUTLOOK
Support:
1.1316
Resistance:
1.1393
RECOMMENDATION:
1.
Buy EUR/USD Above 1.1395-TG: 1.1415/1.1445 SL 1.1365
2.
Sell EUR/USD Below 1.1314-TG: 1.1294/1.1264 SL 1.1284
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