KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

GBP/USD hit 1.4797 during European morning trade, the pair’s lowest since March 20; the pair subsequently consolidated at 1.4820, slipping 0.20%.The pound fell to one-week lows against the U.S. dollar on Friday, as demand for the greenback remained supported by the previous session’s upbeat U.S. data and as markets eyed an upcoming report on U.S. fourth quarter growth.The dollar found broad support after data on Thursday showing that the number of people filing unemployment assistance in the U.S. last week fell to a five-week low sparked optimism over the strength of the job market.




INTRADAY OUTLOOK
Support: 1.4837
Resistance: 1.4897

RECOMMENDATION:
1. Buy GBP/USD Above 1.4899-TG: 1.4919/1.4949 SL 1.4869
2. Sell GBP/USD Below 1.4835-TG: 1.4815/1.4785 SL 1.4865

INTRADAY OUTLOOK

Support: 1.0788

Resistance: 1.0848

RECOMMENDATION:

1. Buy EUR/USD Above 1.0850-TG: 1.0870/1.0900 SL 1.0820

2. Sell EUR/USD Below 1.0786 -TG:1.0766/1.0736 SL 1.0816

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