KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
GBP/USD is currently trading with a bullish bias. The cable continues to retrace to the upper side, we expect the current upward rally to be a mere retracement and should not go beyond 1.3491. Thus, during this intraday, we anticipate a possible bullish price rally towards 1.3224 or even higher to 1.3491. This pair should be traded alongside EUR/USD, GBP/CHF, GBP/JPY, EUR/JPY and AUD/JPY. These pairs have a strong positive correlation of up to +0.96 and will have a similar price action during this intraday.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.3180 TGT 1.3200 1.3230 SL 1.3150
SELL GBP/USD BELOW 1.3170 TGT 1.3150 1.3120 SL 1.3200

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