TRADING TIPS :
GBP/USDhit 1.5426 during European morning trade, the session high; the pair subsequently consolidated at 1.5426, gaining 0.49%.In a report, the U.K. Office for National Statistics said that the unemployment rate fell to a six-year low 5.7% in the three months to December from 5.8% in the preceding three month-period and better than expectations for a reading of 5.8%.The report also showed that the claimant count fell by 38,600 last month, compared to expectations for a decline of 25,000.December’s figure was revised to a drop of 35,800 people from a previously reported decline of 29,700.Data also showed that the U.K. average earnings index, including bonuses, rose 2.1% in the three months to December, above forecasts for 1.7% and after increasing by 1.8% in the three months to November.
INTRADAY OUTLOOK
Support: 1.5369
Resistance: 1.5439
RECOMMENDATION:
1. Buy GBP/USD Above 1.5441-TG: 1.5461/1.5491 SL 1.5411
2. Sell GBP/USD Below 1.5367-TG: 1.5347/1.5317 SL 1.5397
INTRADAY OUTLOOK
Immediate Support: 1.1347
Immediate Resistance: 1.1414
RECOMMENDATION:
1. Buy EUR/USD Above -1.1416 TG: 1.1436/1.1466 SL 1.1386
2. Sell EUR/USD Below -1.1345 TG:1.1325/1.1295 SL 1.1375
