TRADING TIPS :
GBP/USDhit 1.5221 during European morning trade, the session low; the pair subsequently consolidated at 1.5233. The dollar remained supported after the Labor Department reported on Friday that the U.S. economy added 257,000 jobs in January, far more than the 234,000 forecast by economists. December’s figure was revised to 329,000 from a previously reported 252,000.The unemployment rate ticked up to 5.7% last month from December’s 5.6% hourly earnings and the participation rate both saw increases in January.The upbeat jobs report was seen as strong enough to indicate that the Federal Reserve will remain on track to start raising rates from near zero levels as early as June.
INTRADAY OUTLOOK
Support: 1.5186
Resistance: 1.5266
RECOMMENDATION:
1. Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2. Sell GBP/USD Below 1.5184-TG: 1.5164/1.5134 SL 1.5214
GBP/USDhit 1.5221 during European morning trade, the session low; the pair subsequently consolidated at 1.5233. The dollar remained supported after the Labor Department reported on Friday that the U.S. economy added 257,000 jobs in January, far more than the 234,000 forecast by economists. December’s figure was revised to 329,000 from a previously reported 252,000.The unemployment rate ticked up to 5.7% last month from December’s 5.6% hourly earnings and the participation rate both saw increases in January.The upbeat jobs report was seen as strong enough to indicate that the Federal Reserve will remain on track to start raising rates from near zero levels as early as June.
INTRADAY OUTLOOK
Support: 1.5186
Resistance: 1.5266
RECOMMENDATION:
1. Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2. Sell GBP/USD Below 1.5184-TG: 1.5164/1.5134 SL 1.5214
INTRADAY OUTLOOK
Immediate Support: 1.1278
Immediate Resistance: 1.1337
RECOMMENDATION:
1. Buy EUR/USD Above -1.1339 TG: 1.1359/1.1389 SL 1.1309
2. Sell EUR/USD Below -1.1276 TG:1.1256/1.1226 SL 1.1306
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