GBP/USD TECHNICAL OUTLOOK : 09.01.2017
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
GBP/USD. Pair after opening at 1.2413 made a high of 1.2430, and could not sustain the higher levels after the release of NFP data from the US the pair is expected to trade within the range of 1.2150-1.2390 for coming week and any rise is a shorting opportunity in the pair and the pair can test the lower range.
Fundamental Overview
Pound is trading at 1.2258, continuing to trade in the broader range of 1.2250 -1.2450. lack of any significant news relating to Brexit is keeping the pair confined to the this range. there is no data to be reported today and we expect 1.2230 to act a support and 1.2430 continuing to remain a top for the pair in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Halifax House Price Index (YoY) (Dec) 5.80% 6.00%
14:00:00 GBP Halifax House Price Index (MoM) (Dec) 0.20% 0.20%
NIFTY FUT TREND : SELL ZONE
BANKNIFTY FUT TREND : SELL ZONE
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Fundamental Overview
Pound is trading at 1.2258, continuing to trade in the broader range of 1.2250 -1.2450. lack of any significant news relating to Brexit is keeping the pair confined to the this range. there is no data to be reported today and we expect 1.2230 to act a support and 1.2430 continuing to remain a top for the pair in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Halifax House Price Index (YoY) (Dec) 5.80% 6.00%
14:00:00 GBP Halifax House Price Index (MoM) (Dec) 0.20% 0.20%