KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound was trading close to the day’s highs against the dollar on Tuesday after data showing that the annual rate of inflation in the U.K. rose to a one-year high in January. GBP/USD was up 0.35% at 1.4488, close to the day’s highs of 1.4516.The Office for National Statistics reported that the consumer price index rose 0.3% on a year-over-year basis last month, matching forecasts and up from 0.2% in December.The main contributors to the increase in consumer prices were motor fuels and also to a lesser degree alcoholic beverages and clothing. Air fare prices partially offset the rise in inflation, falling by more than they did a year ago. Consumer prices fell 0.8% in January from a month earlier, worse than forecasts for a decline of 0.7% and following a gain of 0.1% in the prior month.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4470 TARGET 1.4490 1.4520 SL 1.4440
SELL GBP/USD BELOW 1.4420 TARGET 1.4400 1.4380 SL 1.4450

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