KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound dropped to seven-week lows against the U.S. dollar on Friday, as fears of a potential British exit from the European Union, or Brexit, continued to dampen demand for sterling, while upbeat U.S. consumer sentiment boosted the greenback. GBP/USD hit 1.4324 during U.S. morning trade, the pair’s lowest since April 22; the pair subsequently consolidated at 1.4339, declining 0.84%.Cable was likely to find support at 1.4349, the low of June 6 and a three-week low and resistance at 1.4527, Thursday’s high.The pound came under selling pressure this week amid mounting fears of a potential Brexit victory at the U.K. referendum scheduled on June 23.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4460 TGT 1.4480 1.4510 SL 1.4430
SELL GBP/USD AROUND 1.4555-1.4552 TGT 1.4535 1.4505 SL 1.4585

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