GBP/USD TECHNICAL OUTLOOK : 1.12.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2412 made a high of 1.2532, and seen pull back after a selling pressure from the higher levels , but it respected 1.2350 mark and saw some bounce few days back from this levels but 1.25-1.26 has been strong resistance in the pair 1.26 is has been strong resistance in the pair until the pair close above 1.26 the pair likely to find resistance in the pair but 1.25 is acting as a support so sell every rise in the pair.
Fundamental Overview
Pound is trading at 1.2528, after a highly volatile session yesterday. There was no major economic data that was reported yesterday but Brexit headlines remained in spotlight. Manufacturing PMI data is due to be reported today and is expected to remain in line with expectations. Expect the pair to be testing the 1.26 mark in today’s session and then reverse.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM GBP Nationwide HPI (MoM) (Nov) 0.001 0
12:30:00 PM GBP Nationwide HPI (YoY) (Nov) 0.046 0.046
3:00:00 PM GBP Manufacturing PMI (Nov) 54.5 54.3
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
Pound is trading at 1.2528, after a highly volatile session yesterday. There was no major economic data that was reported yesterday but Brexit headlines remained in spotlight. Manufacturing PMI data is due to be reported today and is expected to remain in line with expectations. Expect the pair to be testing the 1.26 mark in today’s session and then reverse.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM GBP Nationwide HPI (MoM) (Nov) 0.001 0
12:30:00 PM GBP Nationwide HPI (YoY) (Nov) 0.046 0.046
3:00:00 PM GBP Manufacturing PMI (Nov) 54.5 54.3