KLSE IForex Recommendations

TRADING TIPS :

GBP/USDhit 1.5221 during European morning trade, the session low; the pair subsequently consolidated at 1.5233. The dollar remained supported after the Labor Department reported on Friday that the U.S. economy added 257,000 jobs in January, far more than the 234,000 forecast by economists. December’s figure was revised to 329,000 from a previously reported 252,000.The unemployment rate ticked up to 5.7% last month from December’s 5.6% hourly earnings and the participation rate both saw increases in January.The upbeat jobs report was seen as strong enough to indicate that the Federal Reserve will remain on track to start raising rates from near zero levels as early as June.




INTRADAY OUTLOOK
Support: 1.5186
Resistance: 1.5266

RECOMMENDATION:
1. Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2. Sell GBP/USD Below 1.5184-TG: 1.5164/1.5134 SL 1.5214

INTRADAY OUTLOOK

Immediate Support: 1.1278

Immediate Resistance: 1.1337

RECOMMENDATION:

1. Buy EUR/USD Above -1.1339 TG: 1.1359/1.1389 SL 1.1309

2. Sell EUR/USD Below -1.1276 TG:1.1256/1.1226 SL 1.1306

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5341 during European morning trade, the session high; the pair subsequently consolidated at 1 .5310, slipping 0.10%.In a report, the Office For National Statistics said that the U.K. trade deficit widened to £10.15 billion in December from £9.28 billion in November, whose figure was revised from a previously estimated deficit of £8.85 billion.Meanwhile, the dollar remained supported by data on Thursday showing that the number of individuals filing for initial jobless benefits rose less-than-expected to 278,000 last week.Investors continued to focus on developments in Greece, after German Finance Minister Wolfgang Schauble said on Thursday that Greece’s financial difficulties were the result of domestic problems, but that Germany would do all in its power to help.




INTRADAY OUTLOOK
Support: 1.5178
Resistance: 1.5257

RECOMMENDATION:
1. Buy GBP/USD Above 1.5260-TG: 1.5280/1.5310 SL 1.5230
2. Sell GBP/USD Below 1.5176-TG: 1.5156/1.5126 SL 1.5206

INTRADAY OUTLOOK
Immediate Support: 1.1277
Immediate Resistance: 1.1348

RECOMMENDATION:
1. Buy EUR/USD Above -1.1350 TG: 1.1370/1.1400 SL 1.1320
2. Sell EUR/USD Below -1.1275 TG:1.1255/1.1225 SL 1.1305

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD up 0.43% to 1.5245.Industry data earlier showed that U.K. house price inflation rose 2.0% in January, beating expectations for a 0.1% uptick. December’s figure was revised to a 1.1% increase from a previously estimated 0.9% gain.House prices in January were 8.5% higher than the same month a year earlier, above forecasts for a 7.8% gain and after an increase of 7.8% in December. The report came a day after data showed that the Markit/CIPS Services PMI increased to 57.2 last month from a reading of 55.8 in December. Expected index to rise to 56.3 in January. Later Thursday, the BoE was expected to leave interest rates on hold at 0.50% and its asset purchase facility program at £375 billion.

INTRADAY OUTLOOK
Support: 1.5192
Resistance: 1.5272

RECOMMENDATION:
1. Buy GBP/USD Above 1.5274-TG: 1.5294/1.5324 SL 1.5244
2. Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220

INTRADAY OUTLOOK
Immediate Support: 1.1362
Immediate Resistance: 1.1467

RECOMMENDATION:
1. Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2. Sell EUR/USD Below -1.1360 TG:1.1340/1.1310 SL 1.1390

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5192 during European morning trade, the session high; the pair subsequently consolidated at 1.5162.Data showed that the Markit/CIPS Services Purchasing Managers Index increased to 57.2 last month from a reading of 55.8 in December. Analysts had expected the index to rise to 56.3 in January.Commenting on the report, Chris Williamson, Chief Economist at survey compilers Markit said, “The January PMI surveys signalled a reassuringly robust start to the year for the UK economy, indicating a quarterly rate of GDP growth just over 0.5%.”The report came one day after Markit and the Chartered Institute of Purchasing & Supply said that their U.K. construction PMI increased to 59.1 last month from a reading of 57.6 in December.



INTRADAY OUTLOOK
Support: 1.5136
Resistance: 1.5225

RECOMMENDATION:
1. Buy GBP/USD Above 1.5227-TG: 1.5257/1.5287 SL 1.5197
2. Sell GBP/USD Below 1.5134-TG: 1.5114/1.5084 SL 1.5164

INTRADAY OUTLOOK
Immediate Support: 1.1418
Immediate Resistance: 1.1492

RECOMMENDATION:
1. Buy EUR/USD Above -1.1494 TG: 1.1514/1.1544 SL 1.1464
2. Sell EUR/USD Below -1.1416 TG:1.1396/1.1366 SL 1.1446

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.4990 during European morning trade, the pair’s lowest since January 30; the pair subsequently consolidated at 1.5018, slipping 0.17%.U.K. construction purchasing managers’ index increased to 59.1 last month from a reading of 57.6 in December. Economists had expected the index to dip to 57.0 in January.The data came a day after Markit said that its U.K. manufacturing PMI rose to 53.0 last month from a reading of 52.5 in December. However, commenting on the report, Rob Dobson, senior economist at survey compiler Markit, said that “at this rate, the sector will provide little meaningful boost to the economy in the first quarter. “Meanwhile, sentiment on the dollar remained vulnerable after data on Monday showed that U.S. consumer spending fell at the fastest rate since September 2009 in December, dropping 0.3% as households saved on cheaper gasoline prices.

INTRADAY OUTLOOK
Support: 1.5037
Resistance: 1.5127

RECOMMENDATION:
1. Buy GBP/USD Above 1.5129-TG: 1.5149/1.5179 SL 1.5099
2. Sell GBP/USD Below 1.5035-TG: 1.5015/1.4985 SL 1.5065

INTRADAY OUTLOOK
Immediate Support: 1.1292
Immediate Resistance: 1.1382

RECOMMENDATION:
1. Buy EUR/USD Above -1.1384 TG: 1.1404/1.1434 SL 1.1354
2. Sell EUR/USD Below -1.1290 TG:1.1270/1.1240 SL 1.1320

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5076 during European morning trade, the session low; the pair subsequently consolidated at 1.5106, shedding 0.25%. In a report, the U.K. Office for National Statistics said that the rate of unemployment dipped to 5.8% in the three months to November from 6.0% in the previous three month-period and better than expectations for a reading of 5.9%.The report also showed that the claimant count fell by 29,700 last month, compared to expectations for a decline of 25,000 people. November’s figure was revised to a drop of 29,600 people from a previously reported decline of 26,900.Data also showed that the average earnings index rose 1.7% in the three months to November, meeting forecasts, after increasing by 1.4% in the three months to October. Excluding bonuses, wages rose by 1.8% in the three months to November, below expectations for a gain of 1.9% and following a 1.6% increase in the three months to October.

INTRADAY OUTLOOK
Support: 1.5081
Resistance: 1.5143

RECOMMENDATION:
1. Buy GBP/USD Above 1.5145-TG: 1.5165/1.5195 SL 1.5115
2. Sell GBP/USD Below 1.5078-TG: 1.5058/1.5028 SL 1.5108

INTRADAY OUTLOOK
Immediate Support: 1.1539
Immediate Resistance: 1.1591

RECOMMENDATION:
1. Buy EUR/USD Above -1.1593 TG: 1.1613/1.1643 SL 1.1563
2. Sell EUR/USD Below -1.1536 TG:1.1516/1.1486 SL 1.1566

KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5144 during European morning trade, the pair’s lowest since January 8; the pair subsequently consolidated at 0.7656, rising 0.28%.Cable was likely to find support at 1.5032, the low of January 8 and an 18- month low and resistance at 1.5236, the high of January 16.The dollar remained broadly supported after the Swiss National Bank shocked markets last Thursday by abandoning its three-year old 1.20 per euro exchange rate cap. Meanwhile, sentiment on the pound remained vulnerable after data last week showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

INTRADAY OUTLOOK
Support: 1.5117
Resistance: 1.5172

RECOMMENDATION:
1. Buy GBP/USD Above 1.5175-TG: 1.5195/1.5225 SL 1.5145
2. Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144

INTRADAY OUTLOOK
Immediate Support: 1.1566
Immediate Resistance: 1.1620

RECOMMENDATION:
1. Buy EUR/USD Above -1.1622 TG: 1.1642/1.1672 SL 1.1592

2. Sell EUR/USD Below -1.1564 TG:1.1544/1.1514 SL 1.1594 

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5234 during European morning trade, the session high; the pair subsequently consolidated at 1.5177, adding 0.18%.The dollar remained broadly supported after the Swiss National Bank abandoned its three- year old 1.20 per euro exchange rate cap in a shock move last Thursday.In addition, the University of Michigan said, in a preliminary report on Friday, that its consumer sentiment index rose to a 11-year high of 98.2 this month from 93.6 in December, compared to expectations for a rise to 94.1.The pound had come under pressure last week after data showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.

INTRADAY OUTLOOK
Support: 1.5052
Resistance: 1.5101

RECOMMENDATION:
1. Buy GBP/USD Above 1.5103-TG: 1.5123/1.5153 SL 1.5073
2. Sell GBP/USD Below 1.5050-TG: 1.5020/1.4990 SL 1.5080

INTRADAY OUTLOOK
Immediate Support: 1.1548
Immediate Resistance: 1.1620

RECOMMENDATION:
1. Buy EUR/USD Above -1.1622 TG: 1.1642/1.1672 SL 1.1592
2. Sell EUR/USD Below -1.1546 TG:1.1526/1.1496 SL 1.1576

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5225 during European morning trade, the session high; the pair subsequently consolidated at 1.5212, adding 0.20%. Cable was likely to find support at 1.5074, the low of January 13 and resistance at 1.5270, the high of January 14.The dollar showed little reaction to data on Thursday showing that the number of people who filed for unemployment assistance in the U.S. last week rose to a four-month high of 316,000, compared to expectations for a decline of 6,000.The pound edged higher against the U.S. dollar on Friday, but were held in check as demand for the greenback remained broadly supported despite Thursday\’s mixed bag of U.S. Data. A separate report showed that U.S. producer prices fell by the most in three years in December, falling 0.3% as energy costs tumbled.



INTRADAY OUTLOOK:
Support: 1.5193
Resistance: 1.5266

RECOMMENDATION:
1. Buy GBP/USD Above 1.5268-TG: 1.5288/1.5318 SL 1.5238
2. Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220

INTRADAY OUTLOOK
Immediate Support: 1.1688
Immediate Resistance: 1.1758

RECOMMENDATION:
1. Buy EUR/USD Above -1.1760 TG: 1.1780/1.1810 SL 1.1730
2. Sell EUR/USD Below -1.1685 TG:1.1665/1.1635 SL 1.1715

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD touched highs of 1.5223 overnight, before pulling back to 1.5168.Sterling remained under pressure after data on Tuesday showed that the annual rate of consumer inflation in the U.K. slowed to 0.5% last month from 1.0% in November.Consumer prices were unchanged from a month earlier, compared to expectations for an uptick of 0.1%.The report said inflation was flat in December due to falling gas and electricity costs. In addition, transport costs fell by 0.2% from a month earlier, due to falling petrol and diesel prices. The slowdown in inflation underlined expectations that the Bank of England will keep interest rates on hold at record lows for most of this year.



INTRADAY OUTLOOK
Support: 1.5142
Resistance: 1.5203

RECOMMENDATION:
1. Buy GBP/USD Above 1.5205-TG: 1.5225/1.5255 SL 1.5175
2. Sell GBP/USD Below 1.5140-TG: 1.5120/1.5090 SL 1.5170

INTRADAY OUTLOOK
Immediate Support: 1.1725
Immediate Resistance: 1.1796

RECOMMENDATION:
1. Buy EUR/USD Above -1.1798 TG: 1.1818/1.1848 SL 1.1768
2. Sell EUR/USD Below -1.1723 TG:1.1703/1.1673 SL 1.1753

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD touching lows of 1.5078 after data on Tuesday showing the annual rate of U.K. inflation rose at the slowest rate since May 2000 in December.Official figures showed that annual rate of consumer inflation in the U.K. slowed to 0.5% last month, underlining expectations that the Bank of England will keep rates on hold this year.The annual rate of consumer inflation slowed to 0.5% last month the Office of National Statistics said, down from 1.0% in November. It was the lowest rate of inflation since May 2000. Economists had expected a smaller decline to 0.7%.Consumer prices were unchanged month-on-month, compared to expectations for a reading of 0.1% after falling 0.3% in November.

INTRADAY OUTLOOK
Support: 1.5116
Resistance: 1.5193

RECOMMENDATION:
1. Buy GBP/USD Above 1.5195-TG: 1.5215/1.5235 SL 1.5165
2. Sell GBP/USD Below 1.5114-TG: 1.5094/1.5064 SL 1.5144

INTRADAY OUTLOOK
Immediate Support: 1.1746
Immediate Resistance: 1.1805

RECOMMENDATION:
1. Buy EUR/USD Above -1.1807 TG: 1.1827/1.1857 SL 1.1777
2. Sell EUR/USD Below -1.1744 TG:1.1724/1.1694 SL 1.1777

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5099 during European morning trade, the session low; the pair subsequently consolidated at 1.5120, shedding 0.25%. Cable was likely to find support at 1.5032, the low of January 8 and an 18-month low and resistance at 1.5337, the high of January 5. The pound slid to nearly 18-month lows against the U.S. dollar in quiet trade on Monday, as demand for the greenback remained broadly supported despite Friday’s downbeat U.S. average earnings data.The Labor Department reported on Friday that the economy added 252,000 jobs in December, more than the 240,000 forecast by economists. The unemployment rate ticked down to a six-and a-half year low 5.6%.However, average earnings fell by 0.2% last month and were up by only 1.7% from a year earlier.



INTRADAY OUTLOOK
Support: 1.5148
Resistance: 1.5215

RECOMMENDATION:
1. Buy GBP/USD Above 1.5218-TG: 1.5238/1.5268 SL 1.5188
2. Sell GBP/USD Below 1.5145-TG: 1.5125/1.5095 SL 1.5175

INTRADAY OUTLOOK
Immediate Support: 1.1812
Immediate Resistance: 1.1887

RECOMMENDATION:
1. Buy EUR/USD Above -1.1890 TG: 1.1910/1.1940 SL 1.1860
2. Sell EUR/USD Below -1.1810 TG:1.1790/1.1760 SL 1.1840

KLSE IForex Recommendations

TRADING TIPS :

 GBP/USD hit 1.5150 during European morning trade, the pair’s highest since Wednesday; the pair subsequently consolidated at 1.5134, gaining 0.30%.In a report, the U.K. Office for National Statistics said that manu- facturing production rose 0.7% in November, beating expectations for a 0.3% gain, after a 0.7% fall the previous month.On the other hand, U.K. industrial production ticked down 0.1% in November, data showed on Friday, confounding expectations for an increase of 0.2%. October’s figure was revised to a 0.3% slip from a previously estimated 0.1% fall.A separate report showed that the U.K. trade deficit narrowed to £8.85 billion in November from £9.84 billon in October, whose figure was revised from a previously estimated deficit of £9.62 billion. Analysts had expected the trade deficit to narrow to £9.40 billion in November.

INTRADAY OUTLOOK
Support: 1.5111
Resistance: 1.5185

RECOMMENDATION:
1. Buy GBP/USD Above 1.5187-TG: 1.5207/1.5237 SL 1.5157
2. Sell GBP/USD Below 1.5109-TG: 1.5089/1.5059 SL 1.5139

INTRADAY OUTLOOK
Immediate Support: 1.1805
Immediate Resistance: 1.1866

RECOMMENDATION:
1. Buy EUR/USD Above -1.1868 TG: 1.1888/1.1918 SL 1.1838
2. Sell EUR/USD Below -1.1802 TG:1.1782/1.1752 SL 1.1832

KLSE IForex Recommendations

TRADING TIPS :

GBP/USD hit 1.5034 during European morning trade, the pair’s lowest since July 2013; the pair subsequently consolidated at 1.5056, declining 0.36%.Cable was likely to find support at 1.4812 and resistance at 1.5156, Wednesday’s high.The dollar continued to be underpinned after a report on Wednesday showed that the U.S. private sector added a larger-then-forecast 241,000 jobs in December. The upbeat data boosted the outlook for the U.S. recovery and raised expectations for a strong reading of the government nonfarm payrolls due on Friday. On Wednesday, the minutes of the Federal Reserve’s December meeting did little to alter expectations that U.S. interest rates will start to rise later this year.


INTRADAY OUTLOOK
Support: 1.5033
Resistance: 1.5091

RECOMMENDATION:
1. Buy GBP/USD Above 1.5093-TG: 1.5113/1.5143 SL 1.5063
2. Sell GBP/USD Below 1.5030-TG: 1.5010/1.4980 SL 1.5060

INTRADAY OUTLOOK
Immediate Support: 1.1732
Immediate Resistance: 1.1804

RECOMMENDATION:

1. Buy EUR/USD Above -1.1806 TG: 1.1826/1.1856 SL 1.1776

2. Sell EUR/USD Below -1.1730 TG:1.1710/1.1680 SL 1.1760

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY up 0.54% to 119.08.Modest gains in Asian equity markets overnight dampened demand for the safe haven yen as investor sentiment recovered following a selloff earlier in the week.The U.S. dollar index, which measures the greenback against a basket of six major currencies, hit nine-year highs of 92.14 and was last at 91.97, supported by weakness in the euro.The Federal Reserve was to publish the minutes of its latest policy meeting later Wednesday, which were expected to provide further indications on the future direction of monetary policy.

INTRADAY OUTLOOK
Support: 118.55
Resistance: 119.37

RECOMMENDATION:
1. Buy USD/JPY Above 119.40-TG: 119.60/119.90 SL 119.10
2. Sell USD/JPY Below 118.53-TG: 118.33/118.03 SL 118.83

INTRADAY OUTLOOK
Immediate Support: 1.1818

Immediate Resistance: 1.1876
RECOMMENDATION:
1. Buy EUR/USD Above -1.1878 TG: 1.1898/1.1928 SL 1.1848
2. Sell EUR/USD Below -1.1815 TG:1.1795/1.1765 SL 1.1845

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY sliding 0.58% to 118.93 from 119.62 late Monday.The safe haven yen was boosted by declines in Asian equity markets overnight, as falling oil prices and concerns over the outlook for the euro zone economy sparked a selloff in stocks.The U.S. dollar index, which measures the greenback against a basket of six major currencies, slid 0.13% to 91.54 but remained close to Monday’s nine-year peaks, supported by weakness in the euro. The dollar remained near nine-year highs against the other major currencies in quiet trade on Monday, as expectations for a U.S. rate hike this year continued to lend broad support to the greenback.

INTRADAY OUTLOOK
Support: 118.64
Resistance: 119.43

RECOMMENDATION:
1. Buy USD/JPY Above 119.45-TG: 119.65/119.95 SL 119.15
2. Sell USD/JPY Below 118.61-TG: 118.41/118.11 SL 118.91

INTRADAY OUTLOOK
Immediate Support: 1.1860
Immediate Resistance: 1.1928

RECOMMENDATION:
1. Buy EUR/USD Above -1.1930 TG: 1.1950/1.1980 SL 1.1900
2. Sell EUR/USD Below -1.1858 TG:1.1838/1.1808 SL 1.1888

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY changed hands at 120.07, down 0.36%.Last week, the euro fell to four-and-a-half year lows against the dollar on Friday, and the greenback rose to parity against the Swiss franc after European Central Bank President Mario Draghi indicated that the likelihood of quantitative easing has increased.In an interview Handelsblatt Draghi said the risk of the ECB not fulfilling its mandate of price stability is higher now than six months ago. The remarks indicated that the central bank is moving closer to implementing quantitative easing measures in order to spur growth and inflation.


INTRADAY OUTLOOK
Support: 119.97
Resistance: 120.64

RECOMMENDATION:
1. Buy USD/JPY Above 120.66-TG: 120.86/121.16 SL 120.36
2. Sell USD/JPY Below 119.95-TG: 119.75/119.45 SL 120.25

INTRADAY OUTLOOK
Immediate Support: 1.1879
Immediate Resistance: 1.1950

RECOMMENDATION:
1. Buy EUR/USD Above -1.1952 TG: 1.1972/1.2002 SL 1.1922
2. Sell EUR/USD Below -1.1877 TG:1.1857/1.1827 SL 1.1907

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY hit 120.58 during European afternoon trade, the pair’s highest since December 30; the pair subsequently consolidated at 120.55, gaining 0.66%.The pair was likely to find support at 119.22, the low of December 31 and resistance at 121.86, the high of December 8 and a seven-year high.The U.S. dollar was higher against the yen on Friday, as expectations for a U.S. rate hike this year continued to support the greenback and investors eyed the release of U.S. manufacturing activity data later in the day.The dollar remained broadly supported as a recent string of upbeat U.S. data sparked optimism over the strength of the country’s economic recovery and added to expectations for the Federal Reserve to soon raise interest rates.

INTRADAY OUTLOOK
Support: 120.09
Resistance: 120.83

RECOMMENDATION:
1. Buy USD/JPY Above 120.85-TG: 121.25/120.75 SL 120.35
2. Sell USD/JPY Below 120.05-TG: 119.65/119.15 SL 120.55

INTRADAY OUTLOOK
Immediate Support: 1.9983
Immediate Resistance: 1.2033

RECOMMENDATION:
1. Buy EUR/USD Above -1.2035 TG: 1.2075/1.2125 SL 1.9985
2. Sell EUR/USD Below -1.9980 TG:1.9940/1.9890 SL 1.2030

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY hit 119.19 during European early afternoon trade, the pair’s lowest since December 19; the pair subsequently consolidated at 119.51, retreating 0.94%.The dollar remained broadly supported after final data last week showed that U.S. gross domestic product rose 5.0% in the third quarter, exceeding expectations for a growth rate of 4.3% and up from 3.9% in the three months to June.The strong data fuelled further optimism over the strength of the U.S. economic recovery and added to expectations for the Federal Reserve to raise interest rates next year.Separately, markets were jittery after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.



INTRADAY OUTLOOK
Support: 119.63
Resistance: 120.21

RECOMMENDATION:
1. Buy USD/JPY Above 120.21-TG:120.41/120.71 SL 119.91
2. Sell USD/JPY Below 119.60-TG:119.40/119.10 SL 119.90

INTRADAY OUTLOOK
Immediate Support: 1.2083
Immediate Resistance: 1.2161

RECOMMENDATION:
1. Buy EUR/USD Above 1.2165-TG:1.2185/1.2215 SL 1.2135
2. Sell EUR/USD Below 1.2080-TG:1.2060/1.2030 SL 1.2110

KLSE IForex Recommendations

TRADING TIPS :

USD/JPY hit 119.19 during European early afternoon trade, the pair’s lowest since December 19; the pair subsequently consolidated at 119.51, retreating 0.94%.The dollar remained broadly supported after final data last week showed that U.S. gross domestic product rose 5.0% in the third quarter, exceeding expectations for a growth rate of 4.3% and up from 3.9% in the three months to June.The strong data fuelled further optimism over the strength of the U.S. economic recovery and added to expectations for the Federal Reserve to raise interest rates next year.Separately, markets were jittery after Greek Prime Minister Antonis Samaras said on Monday that he will recommend parliamentary elections are held on January 25, almost 18 months before his coalition’s term was due to end.


INTRADAY OUTLOOK
Support: 119.15
Resistance: 119.82

RECOMMENDATION:
1. Buy USD/JPY Above 119.85-TG:120.05/120.35 SL 119.55
2. Sell USD/JPY Below 119.12-TG:118.92/118.62 SL 119.42

INTRADAY OUTLOOK
Immediate Support: 1.2143
Immediate Resistance: 1.2182

RECOMMENDATION:
1. Buy EUR/USD Above 1.2185-TG:1.2205/1.2235 SL 1.2155
2. Sell EUR/USD Below 1.2140-TG:1.2120/1.2090 SL 1.2170