KLSE IForex Recommendations

TRADING TIPS :

GBP/USD up 0.43% to 1.5245.Industry data earlier showed that U.K. house price inflation rose 2.0% in January, beating expectations for a 0.1% uptick. December’s figure was revised to a 1.1% increase from a previously estimated 0.9% gain.House prices in January were 8.5% higher than the same month a year earlier, above forecasts for a 7.8% gain and after an increase of 7.8% in December. The report came a day after data showed that the Markit/CIPS Services PMI increased to 57.2 last month from a reading of 55.8 in December. Expected index to rise to 56.3 in January. Later Thursday, the BoE was expected to leave interest rates on hold at 0.50% and its asset purchase facility program at £375 billion.

INTRADAY OUTLOOK
Support: 1.5192
Resistance: 1.5272

RECOMMENDATION:
1. Buy GBP/USD Above 1.5274-TG: 1.5294/1.5324 SL 1.5244
2. Sell GBP/USD Below 1.5190-TG: 1.5170/1.5140 SL 1.5220

INTRADAY OUTLOOK
Immediate Support: 1.1362
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 -1.1360 TG:1.1340/1.1310 SL 1.1390