GBP/USD TECHNICAL OUTLOOK:25.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2422 made a low of 1.2352, and seen some selling pressure from the higher levels , but it respected 1.2350 mark and saw some bounce 1.25-1.26 has been strong resistance in the pair 1.26 is has been strong resistance in the pair until the pair close above 1.26 the pair likely to find resistance in the pair but 1.23 is acting as a support but utilize the buy dips to buy for the day
Fundamental Overview
Pound is trading at 1.2450, continuing to remain resilient against the US dollar after the UK finance chancellor announced modest fiscal expansion policies on Wednesday. Pound is likely to remain supported, benefiting from the reduction in negative sentiment. Expect Pound to trade in a range for the day as markets are likely to wait for the GDP print but any positive surprise could help pound move towards 1.25.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP GDP 2.3% 2.3%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2450, continuing to remain resilient against the US dollar after the UK finance chancellor announced modest fiscal expansion policies on Wednesday. Pound is likely to remain supported, benefiting from the reduction in negative sentiment. Expect Pound to trade in a range for the day as markets are likely to wait for the GDP print but any positive surprise could help pound move towards 1.25.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00 GBP GDP 2.3% 2.3%