KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound pushed higher against the dollar on Wednesday as overall market sentiment improved, but gains were held in check after data showing that U.K. industrial output fell by the most since September 2012 in December. GBP/USD was up 0.22% to 1.4503 from around 1.4461 ahead of the data. The Office for National Statistics said industrial output fell 1.1% in December after a 0.8% drop in November. Economists had forecast a more modest 0.1% decline. The large fall was due in large part to a 4.6% decline in oil and gas extraction and a 4% drop in mining. Manufacturing output fell 0.2% after dropping 0.3% in December. Economists had expected manufacturing output to edge up 0.1%.On a year-over-year basis manufacturing output was down 1.7%. The data added to fears that the U.K. economy lost momentum at the end of 2015. But the pound shrugged off the data as gains in European stock markets bolstered risk appetite.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4516 TARGET 1.4521 1.4527 SL 1.4510
SELL GBP/USD BELOW 1.4446 TARGET 1.4441 1.4435 SL 1.4452

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