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