KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound edged lower on Thursday after data confirming that the British economy grew 0.4% in the first three months of this year, but business investment unexpectedly fell ahead of the European Union referendum.GBP/USD was last at 1.4687, down from around 1.4722 ahead of the data.The Office of National Statistics said gross domestic product growth slowed to 0.4% in the three months to March, in line with the preliminary estimate, from 0.6% in the previous quarter.The annual rate of growth was revised down to 2.0% from 2.1% initially, the ONS said.The report showed that business investment fell during the quarter for the first time in three years amid uncertainty over an upcoming referendum on Britain’s EU membership.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4739 TGT 1.4759 1.4789 SL 1.4709
SELL GBP/USD BELOW 1.4677 TGT 1.4657 1.4627 SL 1.4707

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