GBP/USD TECHNICAL OUTLOOK:10.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2340 made a high of 1.2520, and seen some supply from the higher
levels , and the pair could not sustain the 1.25 levels and reversed this signifies aggressiveness of bear at higher levels but 1.23 will support act as a strong support, but having strong support below 1.24 mark so likely to test and reversed from that levels.
Fundamental Overview
Pound is trading at 1.2412, settling back in its range of 1.22-1.25, that we have been seeing for the last 2 months. Pound remained the least volatile as compared to the other majors and we expect the range bound trade to continue for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31:00 AM GBP RICS House Price Balance (Oct) 23.00% 19.00% 18.00%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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levels , and the pair could not sustain the 1.25 levels and reversed this signifies aggressiveness of bear at higher levels but 1.23 will support act as a strong support, but having strong support below 1.24 mark so likely to test and reversed from that levels.
Fundamental Overview
Pound is trading at 1.2412, settling back in its range of 1.22-1.25, that we have been seeing for the last 2 months. Pound remained the least volatile as compared to the other majors and we expect the range bound trade to continue for the day.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31:00 AM GBP RICS House Price Balance (Oct) 23.00% 19.00% 18.00%