KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
The pound was higher against the U.S. dollar on Thursday, after the release of U.K. economic growth data in line with expectations and as markets continued to recover from Britain’s decision to leave the European Union last week.GBP/USD hit 1/3494 during European morning trade, the session high; the pair subsequently consolidated at 1.3467, up 0.25%.Cable was likely to find support at 1.3288, Wednesday’s low and resistance at 1.3564, the high of June 27. The U.K. Office for National Statistics said gross domestic product expanded by 0.4% in the first quarter, unchanged in this final estimate and in line with expectations. The U.K.’s economy grew by 0.6% in the preceding quarter.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.3530 TGT 1.3550 1.3580 SL 1.3500
SELL GBP/USD BELOW 1.3420 TGT 1.3400 1.3370 SL 1.3450

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