GBP/USD TECHNICAL OUTLOOK : 22.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3031 made a high of 1.3061 , and buying pressure from the lower levels the pair has double bottom formation near 1.2940 mark and its acting as a strong support so intraday dips shall be utilized to buy the pair
Fundamental Overview
Pound is trading at 1.3041, appreciating against the US dollar and falling for the last few sessions on the back of Brexit fears. It is likely to remain a sell on every rally but the extent of the corrective rally could stretch to 1.34. There is no other news during the day and the British currency is likely to act based on the US dollar movement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 GBP CBI Industrial Trends Orders (Sep) -5 -5
19:00:00 GBP BoE MPC Member Cunliffe Speaks
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3031 made a high of 1.3061 , and buying pressure from the lower levels the pair has double bottom formation near 1.2940 mark and its acting as a strong support so intraday dips shall be utilized to buy the pair
Fundamental Overview
Pound is trading at 1.3041, appreciating against the US dollar and falling for the last few sessions on the back of Brexit fears. It is likely to remain a sell on every rally but the extent of the corrective rally could stretch to 1.34. There is no other news during the day and the British currency is likely to act based on the US dollar movement.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:30:00 GBP CBI Industrial Trends Orders (Sep) -5 -5
19:00:00 GBP BoE MPC Member Cunliffe Speaks