KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

GBP/USD hit 1.6126 during European morning trade, the session high; the pair subsequently consolidated at 1.6089, adding 0.09% Cable was likely to find support at 1.6006, Friday’s low and resistance at 1.6227, the high of October 9.Market sentiment was hit last week after the International Monetary Fund cut its forecasts for global growth in 2014 and 2015 and warned that global growth may never reach its pre-crisis levels ever again .The pound edged higher against the U.S. dollar in quiet trade on Monday, with U.S. markets to remain closed for Columbus Day and although global growth concerns persisted.

INTRADAY OUTLOOK
Support:1.6086
Resistance: 1.6142

RECOMMENDATION:
1. Buy GBP/USD Above 1.6143-TG:1.6163/1.6193 SL 1.6113
2. Sell GBP/USD Below 1.6085-TG:1.6065/1.6035 SL 1.6115


INTRADAY OUTLOOK
Immediate Support:107.29
Immediate Resistance: 107.54

RECOMMENDATION:

1. Buy USD/JPY Above 107.55-TG:107.75/108.05 SL 107.25
2. Sell USD/JPY Below 107.28-TG:107.08/106.78 SL 107.58
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