KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

was up 0.41% at 1.6097, up from a session low of 1.6018 and off a high of 1.6099. Cable was likely to find support at 1.5993, Thursday’s low, and resistance at 1.6186, Tuesday’s high. The dollar dipped after the Census Bureau reported earlier that U.S. new home sales rose 0.2% in September to 467,000 units, missing expectations for an increase to 470,000 units. The August figure was downwardly revised to a 15.3% climb to 466,000 units from a previously estimated 18.0% jump to 504,000 units, and the data weakened the dollar against the euro, as while the Federal Reserve is widely seen closing its bond-buying program this month, the timing of rate hikes in 2015 remains unclear.

INTRADAY OUTLOOK
Support:1.6050
Resistance: 1.6070

RECOMMENDATION:
1. Buy GBP/USD Above 1.6140-TG:1.6160/1.6190 SL 1.6115
2. Sell GBP/USD Below 1.6070-TG:1.6050/1.6020 SL 1.6095


INTRADAY OUTLOOK
Immediate Support:107.50
Immediate Resistance: 108.40

RECOMMENDATION:
1. Buy USD/JPY Above 108.40-TG:108.60/108.90 SL 108.15
2. Sell USD/JPY Below 107.50-TG:107.30/107.05 SL 107.75
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