GBP/USD TECHNICAL OUTLOOK : 30.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL 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 1.2470, after a brief stint above the 1.25 mark. Better than expected mortgage and lending data helped the British pound push higher. This sharp rise could also be explained by the dollar retreat as well. There is no data to be reported from the UK today but the eurgbp flows and US dollar strength would be the key drivers for the British currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM GBP BoE Financial Stability Report
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Fundamental Overview
Pound is trading at 1.2470, after a brief stint above the 1.25 mark. Better than expected mortgage and lending data helped the British pound push higher. This sharp rise could also be explained by the dollar retreat as well. There is no data to be reported from the UK today but the eurgbp flows and US dollar strength would be the key drivers for the British currency.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30:00 PM GBP BoE Financial Stability Report