GBP/USD TECHNICAL OUTLOOK : 17.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
Pound is trading at 1.2500, after trading in a 50 point range between 1.2450 and 1.25 for most of the day yesterday. Pound is finding support at the 1.24 levels but retail sales data which is expected to be reported lower will push the pair lower in the afternoon session. Brexit negations and dollar strength will keep the pair grounded in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (MoM) (Jan) 0.70% -2.00%
15:00:00 GBP Core Retail Sales (YoY) (Jan) 3.90% 4.90%
15:00:00 GBP Retail Sales (YoY) (Jan) 3.40% 4.30%
15:00:00 GBP Retail Sales (MoM) (Jan) 0.90% -1.90%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2460 made a low of 1.2453 on last trading day and was trading with some positive bias and had a strong trend and touch the near term resistance at 1.25 and now trading above 1.25 likely to some bounce but bounce can be utilize to sell the pair at rise as secondary trend remains in the range of 1.24-1.27 and is likely to continue.Fundamental Overview
Pound is trading at 1.2500, after trading in a 50 point range between 1.2450 and 1.25 for most of the day yesterday. Pound is finding support at the 1.24 levels but retail sales data which is expected to be reported lower will push the pair lower in the afternoon session. Brexit negations and dollar strength will keep the pair grounded in the near term.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
15:00:00 GBP Core Retail Sales (MoM) (Jan) 0.70% -2.00%
15:00:00 GBP Core Retail Sales (YoY) (Jan) 3.90% 4.90%
15:00:00 GBP Retail Sales (YoY) (Jan) 3.40% 4.30%
15:00:00 GBP Retail Sales (MoM) (Jan) 0.90% -1.90%