TRADING TIPS :
GBP/USD hit 1.5405 during European
morning trade, the session low; the pair subsequently consolidated at
1.5390, edging down 0.11%.Sentiment on the dollar remained vulnerable
after the U.S. Department of Labor reported on Thursday that the
number of individuals filing for initial jobless benefits increased
by 31,000 to 313,000 last week From the previous week’s revised
total of 282,000.Data also showed that U.S. consumer prices declined
0.7% last month, compared to estimates for a decline of 0.6%, while
core consumer prices, which exclude food and energy costs, increased
by 0.2% in January, above expectations for a 0.1% increase.On a more
positive note, the U.S. Commerce Department said that total durable
goods orders increased by 2.8% last month, above expectations for a
gain of 1.7%.
INTRADAY
OUTLOOK
Support:
1.5381
Resistance:
1.5464
RECOMMENDATION:
1.
Buy GBP/USD Above 1.5466-TG: 1.5486/1.5516 SL 1.5436
2.
Sell GBP/USD Below 1.5379-TG: 1.5359/1.5329 SL 1.5409
INTRADAY
OUTLOOK
Support:
118.86
Resistance:
119.65
RECOMMENDATION:
1.
Buy USD/JPY Above 119.67-TG: 119.87/120.17 SL 119.37
2.
Sell USD/JPY Below 118.84-TG: 118.64/118.34 SL 119.14
0 comments:
Post a Comment