GBP/USD TECHNICAL OUTLOOK : 04.10.2016
Click Here & Register To Get 2 days Trial Tips
GBP/USD. Pair after opening at 1.2939 made a high of 1.2947, and seen some selling pressure in the pair the pair has support of 1.2870 and the pair after violating 1.2870 mark , saw some more selling pressure now 1.28 supports are also likely to be violate and thus pair is can go further lower so utilize any rise to sell the pair
Fundamental Overview
Pound is trading at 1.2826, continuing to trend lower as markets weigh in the possibility of an expedited exit of the UK from the European Union. Better than expected Manufacturing PMI data failed to help revive the falling currency as investors focused on the bigger picture. To add to the pressure, a stronger dollar proved to be catalyst for the fall. Expect the pair to remain volatile and find support near 1.28.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Construction PMI (Sep) 49 49.2
Free Intraday Tips : Join Our Whatsapp No : 9841986753
GBP/USD. Pair after opening at 1.2939 made a high of 1.2947, and seen some selling pressure in the pair the pair has support of 1.2870 and the pair after violating 1.2870 mark , saw some more selling pressure now 1.28 supports are also likely to be violate and thus pair is can go further lower so utilize any rise to sell the pair
Fundamental Overview
Pound is trading at 1.2826, continuing to trend lower as markets weigh in the possibility of an expedited exit of the UK from the European Union. Better than expected Manufacturing PMI data failed to help revive the falling currency as investors focused on the bigger picture. To add to the pressure, a stronger dollar proved to be catalyst for the fall. Expect the pair to remain volatile and find support near 1.28.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Construction PMI (Sep) 49 49.2