GBP/USD TECHNICAL OUTLOOK:24.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2422 made a low of 1.2352, and seen some selling pressure from the higher levels , but it respected 1.2350 mark and saw some bounce 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 buy dips to buy for the day.
Fundamental Overview
Pound is trading at 1.2431, remaining as the sole currency that was standing up to the dollar. There was no economic data from the UK but the dollar strength has been seen primarily in Euro and Yen. Pound is likely to remain confined to the 1.23-1.26 range for the time being and Brexit risks would be the key mover in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP BBA Mortgage Approvals 38.8K 38.3K
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2431, remaining as the sole currency that was standing up to the dollar. There was no economic data from the UK but the dollar strength has been seen primarily in Euro and Yen. Pound is likely to remain confined to the 1.23-1.26 range for the time being and Brexit risks would be the key mover in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP BBA Mortgage Approvals 38.8K 38.3K