KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound pared back gains against the dollar on Tuesday after data showing that the rate of inflation in the U.K. slowed in April for the first time since September 2015. GBP/USD was last at 1.4458, down from around 1.4494 ahead of the report. The Office for National Statistics reported that the consumer price index rose by an annualized 0.3% in in April, slowing from 0.5% in March.Economists had expected the rate of inflation to remain stable at 0.5%. Consumer prices rose just 0.1% from a month earlier in April, slowing sharply from 0.4% in March and below forecasts for a gain of 0.3%.Falling air fares and price drops for clothing, vehicles and rent charged for social housing were the main contributors to the slowdown in inflation, the ONS said. Air fares fell by 14.2% in April, having jumped in March to take advantage of holidaymakers travelling for Easter.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4530 TGT 1.4550 1.4580 SL 1.4500
SELL GBP/USD AROUND 1.4510 TGT 1.4490 1.4460 SL 1.4540

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