GBP/USD TECHNICAL OUTLOOK:23.11.2016
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2497 made a HIGH of 1.2514, and seen some selling pressure from the higher levels ,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 1.23 is acting as a support but utilize the rise to sell the pair
Fundamental Overview
Pound is trading at 1.2420, depreciating from the highs near 1.25 in yesterday’s session. There was no major economic data that was reported yesterday but Brexit headlines cast a negative spell on sterling. Markets would be waiting for the autumn statement from Philip Hammond where he would outline the government spending plan and the current state of economy. A positive note about the economy could drive GBPUSD towards 1.25.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30:00 GBP CBI Industrial Trends Orders (Nov) -9 -17
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Fundamental Overview
Pound is trading at 1.2420, depreciating from the highs near 1.25 in yesterday’s session. There was no major economic data that was reported yesterday but Brexit headlines cast a negative spell on sterling. Markets would be waiting for the autumn statement from Philip Hammond where he would outline the government spending plan and the current state of economy. A positive note about the economy could drive GBPUSD towards 1.25.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30:00 GBP CBI Industrial Trends Orders (Nov) -9 -17