KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
Sterling edged up against the dollar on Thursday after data showing that the U.K. economy grew at a faster than expected pace in the final quarter of 2015, but the nation’s current account deficit rose to a record high.GBP/USD touched highs of 1.4396, up from around 1.4359 ahead of the data.The Office of National Statistics said gross domestic product rose by 0.6% in the three months to December, up from last month’s estimate of 0.5% growth. Economists had expected no change.The U.K. economy expanded 2.1% on a year-over-year basis, better than the initial estimate of 1.9%. Again, economists had expected an unchanged reading.The dominant service sector grew by 0.8% the ONS said. Industrial production shrank by 0.4%, with manufacturing expanding just 0.1%.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4396 TARGET 1.4416 1.4446 SL BELOW 1.4366
SELL GBP/USD BELOW 1.4360 TARGET 1.4340 1.4310 SL ABOVE 1.4390

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