KLSE IForex Recommendations

TRADING TIPS :
GBP/USD hit 1.5337 during European morning trade, the session low; the pair subsequently consolidated at 1.5349, slipping 0.10%.In a report, the U.K. Office for National Statistics said the rate of consumer price inflation decelerated to 0.3% last month from 0.5% in December, broadly in line with market expectations. Month-over-month, consumer price inflation declined 0.9% in January, compared to expectations for a drop of 0.8% and after holding flat in December.Bank of England Governor Mark Carney will now have to write an open letter to the Chancellor of the Exchequer, George Osborn, as inflation is more than a percentage point below the central bank’s target of 2.0%.

INTRADAY OUTLOOK
Support: 1.5337
Resistance: 1.5400

RECOMMENDATION:
1. Buy GBP/USD Above 1.5402-TG: 1.5422/1.5452 SL 1.5372
2. Sell GBP/USD Below 1.5335-TG: 1.5315/1.5285 SL 1.5365

INTRADAY OUTLOOK
Immediate Support: 1.1392
Immediate Resistance: 1.1467

RECOMMENDATION:
1. Buy EUR/USD Above -1.1469 TG: 1.1489/1.1519 SL 1.1439
2. Sell EUR/USD Below -1.1390 TG:1.1370/1.1340 SL 1.1420