GBP/USD TECHNICAL OUTLOOK:26.10.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2222 made a high of 1.2244, and seen some supply at 1.2250 levels but the pair was finding supports at 1.2170 and that has been violated so any rise is a good shorting opportunity in the pair but RSI remains oversold so the pair is likely to bounce but utilize that bounce to sell the pair as the long to medium term trend remains on the sell side.
Fundamental Overview
Pound is trading at 1.2165, recovering from the steep fall that was witnessed yesterday before the Bank of England’s governor speech at the House of Lords. His comments about monetary policy not being the only solution, helped in the quick reversal. Expect further volatility with the lower term outlook continuing to remain weak for the currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP BBA Mortgage Approvals 37.0K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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GBP/USD. Pair after opening at 1.2222 made a high of 1.2244, and seen some supply at 1.2250 levels but the pair was finding supports at 1.2170 and that has been violated so any rise is a good shorting opportunity in the pair but RSI remains oversold so the pair is likely to bounce but utilize that bounce to sell the pair as the long to medium term trend remains on the sell side.
Fundamental Overview
Pound is trading at 1.2165, recovering from the steep fall that was witnessed yesterday before the Bank of England’s governor speech at the House of Lords. His comments about monetary policy not being the only solution, helped in the quick reversal. Expect further volatility with the lower term outlook continuing to remain weak for the currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP BBA Mortgage Approvals 37.0K