KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound moved higher against softer dollar on Thursday as doubts over a near-term U.S. rate hike hit the greenback, but sterling’s gains were held in check after disappointing U.K. construction sector data.GBP/USD was up 0.16% at 1.4436, holding below session highs of 1.4467. The pound’s gains were checked after survey data showing that the slowdown in the U.K. construction sector continued in May, amid the first drop in new orders since April 2013. The Market construction purchasing managers’ index fell to 51.2 from April’s reading of 52.0. Economists had expected an unchanged reading.The report said that delay’s to client decision making ahead of the European Union membership referendum on June 23 had contributed to the slowdown.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.4470 TGT 1.4490 1.4520 SL 1.4400
SELL GBP/USD BELOW 1.4418 TGT 1.4398 1.4368 SL 1.4448

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