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