KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The British pound is now picking up pace vs. the greenback, sending GBP/USD to session highs beyond the 1.4300 barrier.Spot has managed to retake levels above 1.4300 the figure after BoE’s Jon Cunliffe has argued he sees no reason to change his outlook on a rate hike by the central bank.The comments have brought in some relief to the sterling, which was trading in lows near 1.4260 area vs. the US dollar.Ahead in the day, US Initial Claims and the Philly Fed Survey will take centre stage later in the NA session, while Retail Sales are next on tap in the UK economy tomorrow.As of writing the pair is up 0.14% at 1.4309 facing the next hurdle at 1.4399 (20-day sma) followed by 1.4522 (38.2% Fibo of 1.5240- 1.4079) and finally 1.4621 (55-day sma). On the other hand, a breach of 1.4200 (psychological level) would aim for 1.4171 (low Jan.26) and then 1.4147 (low Jan.29).

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4330 TARGET 1.4350 1.4380 SL 1.4300
SELL GBP/USD BELOW 1.4270 TARGET 1.4250 1.4220 SL 1.4300

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