Monday, January 2, 2017

GBP/USD TECHNICAL OUTLOOK : 03.01.2017

GBP/USD TECHNICAL OUTLOOK : 03.01.2017
NIFTY FUT  TREND             : BUY ZONE
BANKNIFTY FUT  TREND  : BUY ZONE



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GBP/USD. Pair after opening at 1.2337made a low of 1.2270, and could not sustain the Lowe r levels and was trading volatile near the resistance of 1.23 and saw the pair strong short covering day before now 1.23 will act as a strong pivot if sustain then can see a momentum so intraday 1.2250 is a support

Fundamental Overview

Pound appreciated against dollar as US dollar retraced from the high as major players remains on the side lines with pound appreciating against dollar and YEN and Euro. We have UK Manufacturing PMI data coming in late today.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
4:30 GBP Manufacturing PMI (Dec) 5330.00% 5340.00%