TRADING TIPS :
GBP/USD hit 1.5341 during European morning trade, the session high; the pair subsequently consolidated at 1 .5310, slipping 0.10%.In a report, the Office For National Statistics said that the U.K. trade deficit widened to £10.15 billion in December from £9.28 billion in November, whose figure was revised from a previously estimated deficit of £8.85 billion.Meanwhile, the dollar remained supported by data on Thursday showing that the number of individuals filing for initial jobless benefits rose less-than-expected to 278,000 last week.Investors continued to focus on developments in Greece, after German Finance Minister Wolfgang Schauble said on Thursday that Greece’s financial difficulties were the result of domestic problems, but that Germany would do all in its power to help.
INTRADAY OUTLOOK
Support: 1.5178
Resistance: 1.5257
RECOMMENDATION:
1. Buy GBP/USD Above 1.5260-TG: 1.5280/1.5310 SL 1.5230
2. Sell GBP/USD Below 1.5176-TG: 1.5156/1.5126 SL 1.5206
INTRADAY OUTLOOK
Immediate Support: 1.1277
Immediate Resistance: 1.1348
RECOMMENDATION:
1. Buy EUR/USD Above -1.1350 TG: 1.1370/1.1400 SL 1.1320
2. Sell EUR/USD Below -1.1275 TG:1.1255/1.1225 SL 1.1305
GBP/USD hit 1.5341 during European morning trade, the session high; the pair subsequently consolidated at 1 .5310, slipping 0.10%.In a report, the Office For National Statistics said that the U.K. trade deficit widened to £10.15 billion in December from £9.28 billion in November, whose figure was revised from a previously estimated deficit of £8.85 billion.Meanwhile, the dollar remained supported by data on Thursday showing that the number of individuals filing for initial jobless benefits rose less-than-expected to 278,000 last week.Investors continued to focus on developments in Greece, after German Finance Minister Wolfgang Schauble said on Thursday that Greece’s financial difficulties were the result of domestic problems, but that Germany would do all in its power to help.
INTRADAY OUTLOOK
Support: 1.5178
Resistance: 1.5257
RECOMMENDATION:
1. Buy GBP/USD Above 1.5260-TG: 1.5280/1.5310 SL 1.5230
2. Sell GBP/USD Below 1.5176-TG: 1.5156/1.5126 SL 1.5206
INTRADAY OUTLOOK
Immediate Support: 1.1277
Immediate Resistance: 1.1348
RECOMMENDATION:
1. Buy EUR/USD Above -1.1350 TG: 1.1370/1.1400 SL 1.1320
2. Sell EUR/USD Below -1.1275 TG:1.1255/1.1225 SL 1.1305
No comments:
Post a Comment