KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound fell to the day’s lows on Wednesday after data showing that U.K. manufacturing edged back into expansion territory in May but growth remained subdued and as OECD cut its U.K. growth forecast and warned on Brexit. GBP/USD touched lows of 1.4450, down from around 1.4467 ahead of the data.Market said the U.K. manufacturing purchasing managers’ index ticked up to 50.1 last month from 49.4 in April.Economists had forecast a reading of 49.6.The index was only fractionally above the 50.0 level separating growth from contraction. The domestic market remained positive for manufacturers, especially for producers of consumer goods, but softer global continued to weigh on new export orders, the report said.

STOCK RECOMMENDATION :
BUY GBP/USD ABOVE 1.4446 TGT 1.4466 1.4496 SL 1.4416
SELL GBP/USD BELOW 1.4416 TGT 1.4396 1.4376 SL 1.4446

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