KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound edged higher against the U.S. dollar on Friday, supported by the release of upbeat U.K. data and as the Federal Reserve’s decision this week to leave its monetary policy unchanged continued to weigh on the greenback.GBP/USD hit 1.3214 during European morning trade, the session high; the pair subsequently consolidated at 1.3188, adding 0.19%. Cable was likely to find support at 1.3055, the low of July 26 and resistance at 1.3293, th high of July 22. The Bank of England reported on Friday that net lending to individuals rose to £5.2 billion in June from £4.5 billion inMay, whose figure was upwardly revised from a previously estimated £4.3 billion.Analysts had expected net lending to individuals to rise to hit £4.2 billion last month.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.3200 TARGET1.3220 1.3250 SL 1.3170
SELL GBP/USD BELOW 1.3165 TARGET 1.3145 1.3115 SL 1.3135

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