IForex Recommendations : Epic Research Malaysia

TRADING TIPS :
GBP/USD at 1.5150 after the Nationwide Building Society reported that U.K. house price inflation rose 0.3% this month, in line with expectations, after a 0.2% uptick in December.Year-on-year, U.K. house prices rose 6.8% in January, exceeding expectations for an increase of 6.6%, after a 7.2% gain the previous month.In the U.S., the Fed said on Wednesday that it would keep rates on hold at least until June and reiterated its pledge to be patient on raising interest rates, while acknowledging the solid economic recovery and strong growth in the labor market. The central bank also said it expected inflation to keep declining in the short term and added that it would take “financial and international developments” into account before deciding when to hike borrowing costs.







INTRADAY OUTLOOK
Support: 1.5078
Resistance: 1.5162

RECOMMENDATION:
1. Buy GBP/USD Above 1.5165-TG: 1.5185/1.5205 SL 1.5135
2. Sell GBP/USD Below 1.5075-TG: 1.5055/1.5025 SL 1.5105

INTRADAY OUTLOOK
Immediate Support: 1.1261
Immediate Resistance: 1.1372

RECOMMENDATION:
1. Buy EUR/USD Above -1.1375 TG: 1.1395/1.1425 SL 1.1335


2. Sell EUR/USD Below -1.1258 TG:1.1228/1.1198 SL 1.1288