TRADING TIPS :
GBP/USD was last down 0.38% to 1.4758
from around 1.4822 earlier.The pound fell to more than one-week lows
against the dollar on Wednesday, in spite of data showing that the
U.K. manufacturing sector expanded at the fastest rate in eight
months in March.A research firm said its manufacturing purchasing
managers’ index rose to 54.4 in March from 54.0 in February,
boosted by strong domestic demand. Economists had forecast an
increase to 54.3.The report indicated that output in the U.K.
manufacturing sector grew by 0.6% in the quarter of 2015 compared
with the previous quarter, after 0.2% growth in the same period last
year.
INTRADAY
OUTLOOK
Support:
1.4734
Resistance:
1.4794
RECOMMENDATION:
1.
Buy GBP/USD Above 1.4796-TG: 1.4826/1.4856 SL 1.4766
2.
Sell GBP/USD Below 1.4732-TG: 1.4712/1.4682 SL 1.4762
INTRADAY
OUTLOOK
Support:
1.0709
Resistance:
1.0769
RECOMMENDATION:
1.
Buy EUR/USD Above 1.0771-TG: 1.0791/1.0821 SL 1.0741
2.
Sell EUR/USD Below 1.0707 -TG:1.0683/1.0653 SL 1.0737
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