GBP/USD TECHNICAL OUTLOOK:9.11.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2340 made a high of 1.2420, 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 due to election the pair is likely to be volatile I the below mentioned range.
Fundamental Overview
Pound is trading in the range of 1.25-1.2380 with large moves on either side with the incoming results. High volatility would prevail until some clarity emerges from the US elections. 1.26 If Trump wins and 1.23 for a Clinton win but Pound would be the least volatile of the three crosses we track.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Trade Balance (Sep) -11.20B -12.11B
3:00:00 PM GBP Trade Balance Non-EU (Sep) -3.35B -3.76B
3:00:00 PM GBP Trade Balance (Sep) -11.20B -12.11B
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading in the range of 1.25-1.2380 with large moves on either side with the incoming results. High volatility would prevail until some clarity emerges from the US elections. 1.26 If Trump wins and 1.23 for a Clinton win but Pound would be the least volatile of the three crosses we track.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
3:00:00 PM GBP Trade Balance (Sep) -11.20B -12.11B
3:00:00 PM GBP Trade Balance Non-EU (Sep) -3.35B -3.76B
3:00:00 PM GBP Trade Balance (Sep) -11.20B -12.11B