GBP/USD TECHNICAL OUTLOOK:10/25/2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2220made a high of 1.2249, and seen some supply at 1.2250 levels but the pair had bounce from the lower levels few days before trading near the 1.22 mark and has started to form a range of 1.2150-1.2300 and likely to be in this range of this week as RSI remains oversold.
Fundamental Overview
Pound is trading at 1.2222, mostly unchanged as markets continue to wait for the high court decision. In a positive turn for the Pound, British PM said that they do not want a hard Brexit and there would be discussions in the parliament about the timing of exit. This news is positive for the pound and will support the currency at current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:05:00 GBP BoE Gov Carney Speaks 20:05:00
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2222, mostly unchanged as markets continue to wait for the high court decision. In a positive turn for the Pound, British PM said that they do not want a hard Brexit and there would be discussions in the parliament about the timing of exit. This news is positive for the pound and will support the currency at current levels.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
20:05:00 GBP BoE Gov Carney Speaks 20:05:00