Friday 30 October 2015

KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The GBP/USD pair trades almost unchanged at 1.5265, re-attempting session highs posted at 1.5275 post. European open. The GBP/USD pair remains stuck in a 20-pips narrow over the last few hours, little affected by the release of upbeat datasets from the UK. The mortgage market in the UK remained on a solid footing in September, with an increase in the value of loans remained at more than a seven-year high. While the net-lending figures to individual grew to 4.9B above expectations of a drop to 4.4B.The single currency found some support after data earlier showed that the number of unemployed people in Germany decreased by 5,000 this month, better than expectations for a drop of 4,000.Elsewhere, the dollar was steady against the pound, with GBP/USD at 1.5269.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.5280 TARGET 1.5300 1.5330 SL 1.5250
SELL GBP/USD BELOW 1.5220 TARGET 1.5200 1.5180 SL 1.5250

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