KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound edged lower against the U.S. dollar on Monday, after the contraction in U.K. manufacturing activity in July was confirmed to be worse that initially estimated, fueling further concerns over the outlook for growth in Britain.GBP/USD hit 1.3201 during European morning trade, the session low; the pair subsequently consolidated at 1.3208, slipping 0.14%. Cable was likely to find support at 1.3070, the low of July 27 and resistance at 1.3305, the high of July 29.Research group Markit said its U.K. manufacturing purchasing managers’ index fell to 48.2 last month from a reading of 52.1 in June.It was the lowest level since early 2013 and worse than a preliminary report released on July 22 that had shown a drop to 49.1 in July.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.3310 TGT 1.3340 1.3370 SL 1.3280
SELL GBP/USD BELOW 1.3100 TGT 1.3080 1.3050 SL 1.3130

Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my