Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

GBP/USD hit 1.7131 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.7150, dipping 0.03%. Cable was likely to find support at 1.7096, the low of July 1 and resistance at 1.7180, the session high and the most since October 2008. Sterling has strengthened broadly since the start of this year.

INTRADAY OUTLOOK

Support: 1.7120

Resistance: 1.7170

RECOMMENDATION:

1. Buy GBP/USD Above 1.7170- TG: 1.7200/ 1.7230 SL 1.7130

2. Sell GBP/USD Below 1.7120- TG: 1.7090/ 1.7050 SL 1.7150

INTRADAY OUTLOOK

Immediate Support: 1.3580

Immediate Resistance: 1.3620

RECOMMENDATION:

1. Buy EUR/USD Above 1.3620- TG: 1.3650/1.3680 SL 1.3590

2. Sell EUR/USD Below 1.3580- TG: 1.3550/1.3520 SL 1.3610

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