KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound pushed higher on Wednesday as market sentiment continued to stabilize after last week’s shock U.K. vote to exit the European Union.GBP/USD was up 0.43% at 1.3400, off the 31-year low of 1.3122 set on Monday, a level not seen since 1985. The two-day sell off in sterling seen on Friday and Monday was the largest in recent history. Sterling has tumbled amid fears that Brexit could hit investment in the U.K. economy, threaten London’s role as a global financial capital and usher in a period of slower global economic growth.Political uncertainty in Britain, where Prime Minister David Cameron resigned after the referendum, added to fears over the outlook for the economy.EU leaders were to continue to discuss the implications of Brexit at a summit in Brussels on Wednesday.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.3422 TGT 1.3442 1.3472 SL 1.3392
SELL GBP/USD BELOW 1.3350 TGT 1.3330 1.3300 SL 1.3380

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