GBP/USD TECHNICAL OUTLOOK : 23.080.2016
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GBP/USD. Pair after opening at 1.3062 made a low of 1.3032 , and saw some short covering from lower levels the pair is respecting the levels of 1.3100 as a resistance and 20DMA at 1.3096 and now that has become support and the pair is making inverted head and shoulder pattern on hourly chart so intraday dips shall be utilized to buy the pair
Fundamental Overview
Pound is trading at 1.3140; recovering from the lows that were seen yesterday. There was no economic data reported from the UK and not much to be announced in this week, focus would be on the Jackson Hole meeting starting from Thursday and we would like to fade any upticks in the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 GBP CBI Industrial Trends Orders (Aug) -9 -4
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Fundamental Overview
Pound is trading at 1.3140; recovering from the lows that were seen yesterday. There was no economic data reported from the UK and not much to be announced in this week, focus would be on the Jackson Hole meeting starting from Thursday and we would like to fade any upticks in the Pound.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 GBP CBI Industrial Trends Orders (Aug) -9 -4