TRADING TIPS :
GBP/USD hit 1.5034 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.5056, declining 0.36%.Cable was likely to find support at 1.4812 and resistance at 1.5156, Wednesday’s high.The dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The upbeat data boosted the outlook for the U.S. recovery and raised expectations for a strong reading of the government nonfarm payrolls due on Friday. On Wednesday, the minutes of the Federal Reserve’s December meeting did little to alter expectations that U.S. interest rates will start to rise later this year.
INTRADAY OUTLOOK
Support: 1.5033
Resistance: 1.5091
RECOMMENDATION:
1. Buy GBP/USD Above 1.5093-TG: 1.5113/1.5143 SL 1.5063
2. Sell GBP/USD Below 1.5030-TG: 1.5010/1.4980 SL 1.5060
INTRADAY OUTLOOK
Immediate Support: 1.1732
Immediate Resistance: 1.1804
RECOMMENDATION:
1. Buy EUR/USD Above -1.1806 TG: 1.1826/1.1856 SL 1.1776
2. Sell EUR/USD Below -1.1730 TG:1.1710/1.1680 SL 1.1760
No comments:
Post a Comment