KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound was almost unchanged against the U.S. dollar on Friday, hovering close to a five-year low after the release of downbeat U.K. trade balance data. GBP/USD hit 1.4533 during European morning trade, the session low; the pair subsequently consolidated at 1.4621.Cable was likely to find support at 1.4529, Thursday’s low and a five-year low and resistance at 1.4725, the high of January 5.The U.K. Office for National Statistics said the trade deficit narrowed to £10.64 billion in November from £11.20 billion in October, whose figure was revised from a previously estimated deficit of £11.83 billion.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4550 TARGET 1.4570 1.4600 SL 1.4520
SELL GBP/USD BELOW 1.4480 TARGET 1.4460 1.4430 SL 1.4520

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