KLSE IForex Recommendations

TRADING TIPS :

EUR/USD was down 0.57% to 1.2455 after Germany’s Bundesbank warned in its monthly report that the outlook for growth in the region’s largest economy was likely to remain weak in the next few months.Earlier Monday, data showed that euro zone exports jumped 9% on a year-over-year basis in September, boosting the trade surplus to 17.7 billion, from 15.4 in August. The surge in exports boosted the outlook for third quarter growth. The Swiss franc has strengthened against the euro in recent sessions ahead of a vote later this month which could force the central bank to increase its gold reserves, a move which could restrict its ability to cap the value of the franc against the euro.



INTRADAY OUTLOOK
Support: 1.2433
Resistance: 1.2495

RECOMMENDATION:
1. Buy EUR/USD Above 1.2493-TG:1.2513/1.2543 SL 1.2463
2. Sell EUR/USD Below 1.2430-TG:1.2410/1.2380 SL 1.2460


INTRADAY OUTLOOK
Immediate Support: 116.13
Immediate Resistance: 116.78

RECOMMENDATION:
1. Buy USD/JPY Above 116.80-TG:117.00/117.30 SL 116.50
2. Sell USD/JPY Below 116.10-TG:115.90/115.60 SL 116.40