KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

GBP/USD hit 1.5978 during European morning trade, the pair’s lowest since October 6; the pair subsequently consolidated at 1.5973, retreating 0.69%. Cable was likely to find support at 1.5941, the low of October 6 and an 11- month low resistance at 1.6128, Monday’s high. In a report, the U.K. Office for National Statistics said the rate of consumer price inflation slowed to 1.2% last month from 1.5% in August. Analysts had expected U.K. CPI to fall to 1.4% in September.Month-over-month, consumer price inflation was flat in September, after rising 0.4% in August. Core CPI, which excludes food, energy, alcohol, and tobacco costs rose at a rate of 1.5% last month, down from 1.9% in August. Analysts had expected core prices to rise 1.8% in September.

INTRADAY OUTLOOK
Support:1.5897
Resistance: 1.5943

RECOMMENDATION:
1. Buy GBP/USD Above 1.5945-TG:1.5965/1.5995 SL 1.5915
2. Sell GBP/USD Below 1.5895-TG:1.5875/1.5845 SL 1.5925


INTRADAY OUTLOOK
Immediate Support:107.29
Immediate Resistance: 106.89

RECOMMENDATION:
1. Buy USD/JPY Above 106.91-TG:107.11/107.31 SL 106.61
2. Sell USD/JPY Below 107.27-TG:107.07/106.77 SL 107.57
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