GBP/USD TECHNICAL OUTLOOK : 29.12.2016
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2271 made a high of 1.2291, and seen selling coming in near 1.23 mark after a long side wise trading days the levels of 1.2300has become a strong resistance unit ill the pair violated the said levels any rise is a shorting opportunity in the pair.
Fundamental Overview
Pound is trading at 1.2240, remaining largely unchanged after a steep fall from 1.2290 yesterday expects some range bound activity as the calendar remain light for the entire week. Data to watch Nation wide HPI but expect the pair to trade with minimal changes. Brexit remains the key focus and the negotiations between the EU and UK would be the driver for price of Pound next year.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 GBP Nationwide HPI (YoY) (Dec) 3.80% 4.40%
12:30 GBP Nationwide HPI (MoM) (Dec) 0.20% 0.10%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2240, remaining largely unchanged after a steep fall from 1.2290 yesterday expects some range bound activity as the calendar remain light for the entire week. Data to watch Nation wide HPI but expect the pair to trade with minimal changes. Brexit remains the key focus and the negotiations between the EU and UK would be the driver for price of Pound next year.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
12:30 GBP Nationwide HPI (YoY) (Dec) 3.80% 4.40%
12:30 GBP Nationwide HPI (MoM) (Dec) 0.20% 0.10%