KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound slipped lower against the U.S. dollar on Friday, after data showed that U.K. manufacturing activity expanded at a slower rate than expected this month, altough the greenback remained fragile ahead of the release of U.S. employment data later in the day. GBP/USD hit 1.4325 during European morning trade, the session low; the pair subsequently consolidated at 1.4345, slipping 0.13%. Cable was likely to find support at 1.4191, the low of March 29 and resistance at 1.4458, the high of March 30.Markit research group said its U.K. manufacturing purchasing managers’ index rose to 51.0 in March from 50.8 the previous month, disappointing expectations for an increase to 51.2.The U.K. economy expanded 2.1% on a year-over-year basis, better than the initial estimate of 1.9%.Meanwhile, sentiment on the dollar remained fragile as investors awaited the release of U.S. nonfarm payrolls and unemployment data later Friday, for further indications on the strength of the job market.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4422 TARGET 1.4442 1.4472 SL BELOW 1.4392
SELL GBP/USD BELOW 1.4311 TARGET 1.4291 1.4261 SL ABOVE 1.4341

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