IForex Recommendations : Epic Research Malaysia

TRADING TIPS :
GBP/USD pulled away from 1.5117, the session high, to hold steady at 1.5075 during European morning trade.In a report, the Office for National Statistics said U.K. gross domestic product expanded by 0.5% in the final three months of 2014, below forecasts for growth of 0.6%. The U.K.’s economy grew by 0.7% in the previous quarter.Year-over-year, U.K. economic growth grew 2.7% in the three months ending December, missing expectations for a gain of 2.8%. The U.K. economy expanded at an annualized rate of 2.6% in the third quarter of 2014.A separate report showed that U.K. mortgage approvals decreased to a 20-month low of 35,700 last month from November’s total of 36,700. Analysts had expected the number of new mortgages approved to decline to 36,600 in December.





INTRADAY OUTLOOK
Support: 1.5058
Resistance: 1.5131


RECOMMENDATION:
1. Buy GBP/USD Above 1.5133-TG: 1.5153/1.5183 SL 1.5103
2. Sell GBP/USD Below 1.5055-TG: 1.5035/1.5005 SL 1.5085


INTRADAY OUTLOOK
Immediate Support: 1.1215
Immediate Resistance: 1.1293


RECOMMENDATION:
1. Buy EUR/USD Above -1.1295 TG: 1.1315/1.1345 SL 1.1265



2. Sell EUR/USD Below -1.1213 TG:1.1193/1.1163 SL 1.1243