GBP/USD TECHNICAL OUTLOOK : 13.10.2016
GBP/USD. Pair after opening at 1.2424 made a high of 1.2444, and seen some selling pressure in the pair ,the pair had a support of 1.2500 and violated that and after our market closed had a trending session on the sell side so any rise in the pair is a shorting opportunity in the pair
STRATEGY
Fundamental Overview
Pound is trading at 1.2191, continuing to trend lower after a failed attempt to rally beyond the 1.23 mark in yesterday’s session. News about the UK parliament discussing Brexit helped the rally yesterday but later fizzled lower as the discussion would be centered on how the negotiations around Brexit should be. Pound continues to remain a sell on every rise and preferably near the 1.24 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
4:31:00 AM GBP RICS House Price Balance (Sep) 0.14 0.12
STRATEGY
Fundamental Overview
Pound is trading at 1.2191, continuing to trend lower after a failed attempt to rally beyond the 1.23 mark in yesterday’s session. News about the UK parliament discussing Brexit helped the rally yesterday but later fizzled lower as the discussion would be centered on how the negotiations around Brexit should be. Pound continues to remain a sell on every rise and preferably near the 1.24 mark.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
4:31:00 AM GBP RICS House Price Balance (Sep) 0.14 0.12