Tuesday, June 24, 2014

Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :
GBP/USD was little changed at 1.7016, not far from the highs of 1.7034 reached last Thursday, the most since August 2009.Cable was likely to find support at 1.6950 and resistance at 1.7075. Demand for sterling continued to be underpinned by expectations that the deepening economic recovery in the U.K

INTRADAY OUTLOOK
Support: 1.7000
Resistance: 1.7050

RECOMMENDATION:
1. Buy GBP/USD Above 1.7050- TG: 1.7080/ 1.7110 SL 1.7020
2. Sell GBP/USD Below 1.7000- TG: 1.6970/ 1.6940 SL 1.7030


INTRADAY OUTLOOK
Immediate Support: 1.3575
Immediate Resistance: 1.3610

RECOMMENDATION:
1. Buy EUR/USD Above 1.3610- TG: 1.3630/1.3660 SL 1.3580

2. Sell EUR/USD Below 1.3570- TG: 1.3540/1.3510 SL 1.3600

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