IForex Recommendations :Epic Research Malaysia

TRADING TIPS :

USD/JPY hit 117.39 during late Asian trade, the session low; the pair subsequently consolidated at 117.86, declining 0.38%. Apreliminary report earlier showed that Japanese industrial production rose 1.0% in December, confounding expectations for an increase of 1.3%, after a 0.5% fall the previous month.A separate report showed that household spending in Japan rose 0.4% last month, below expectations for a 0.3% gain, after a 0.4% uptick in November. Data also showed that Tokyo’s consumer price inflation advanced 2.3% this month, exceeding expectations for a 2.2% rise and after a 2.1% rise in December.Tokyo’s core consumer price inflation, which excludes fresh food, rose 2.2% in January, in line with expectations, after a 2.3% increase in December.

INTRADAY OUTLOOK

Support: 117.07

Resistance: 117.76

RECOMMENDATION:

1. Buy USD/JPY Above 117.78-TG: 117.98/118.28 SL 117.48

2. Sell USD/JPY Below 117.05-TG: 116.85/116.55 SL 117.35

INTRADAY OUTLOOK

Immediate Support: 1.1269

Immediate Resistance: 1.1340

RECOMMENDATION:

1. Buy EUR/USD Above -1.1342 TG: 1.1362/1.1392 SL 1.1312

2. Sell EUR/USD Below -1.1267 TG:1.1247/1.1217 SL 1.1297