GBP/USD TECHNICAL OUTLOOK : 18.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2442 made a high of 1.2505, and seen some selling from the higher
levels , and the pair could not sustain the levels of 1.25 and saw selling pressure after the positive data the pair is having 50DMA at 1.26 and is facing strong supply , and making lower top on the daily time frame so any rise shall be utilize to sell the pair but watch out 1.2350 levels as that is a immediate support.
Fundamental Overview
Pound is trading at 1.2400, remaining stronger against the dominating US dollar. There was no major strain on the Pound which is close to yesterday’s levels. Better than expected retail sales data added to the strength of the Pound and helped in supporting the pair in the later part of the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:40:00 GBP BoE MPC Member Broadbent Speaks 0.40% 0.00%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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levels , and the pair could not sustain the levels of 1.25 and saw selling pressure after the positive data the pair is having 50DMA at 1.26 and is facing strong supply , and making lower top on the daily time frame so any rise shall be utilize to sell the pair but watch out 1.2350 levels as that is a immediate support.
Fundamental Overview
Pound is trading at 1.2400, remaining stronger against the dominating US dollar. There was no major strain on the Pound which is close to yesterday’s levels. Better than expected retail sales data added to the strength of the Pound and helped in supporting the pair in the later part of the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:40:00 GBP BoE MPC Member Broadbent Speaks 0.40% 0.00%