GBP/USD TECHNICAL OUTLOOK : 26.08.2016
Click Here & Register To Get 2 days Trial Tips
GBP/USD. Pair after opening at 1.3230 made a high of 1.3264 , and saw some profit booking from the higher 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 1.3200, losing some steam from the rally that was seen in the last few trading sessions. Second quarter GDP and business climate data is scheduled to be reported and another positive data could drive the pair higher before Yellen speech in the evening. Expect the pair to be volatile and we would like to fade upticks in the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Business Investment (QoQ) (Q2) -0.90% -0.60%
14:00:00 GBP GDP (YoY) (Q2) 2.20% 2.20%
14:00:00 GBP GDP (QoQ) (Q2) 0.60% 0.60%
Free Intraday Tips : Join Our Whatsapp No : 9841986753
GBP/USD. Pair after opening at 1.3230 made a high of 1.3264 , and saw some profit booking from the higher 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 1.3200, losing some steam from the rally that was seen in the last few trading sessions. Second quarter GDP and business climate data is scheduled to be reported and another positive data could drive the pair higher before Yellen speech in the evening. Expect the pair to be volatile and we would like to fade upticks in the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Business Investment (QoQ) (Q2) -0.90% -0.60%
14:00:00 GBP GDP (YoY) (Q2) 2.20% 2.20%
14:00:00 GBP GDP (QoQ) (Q2) 0.60% 0.60%