GBP/USD TECHNICAL OUTLOOK : 20.02.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
Fundamental Overview
British Pound is trading at 1.2412, depreciating against US dollar after Core Retail Sales data was reported lower than expected on Friday. Pound fell from the highs of 1.2510 to a low of 1.2387. Today in terms of economic data, CBI Industrial Trends Orders is scheduled to be reported. Expect GBPUSD pair to trade in a range of 1.2380-1.2450 for lack of any economic data and the US markets remaining closed.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30 GBP CBI Industrial Trends Orders (Feb) 3 5
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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GBP/USD. Pair after opening at at 1.2486 made a high of 1.2511 on last trading day and was trading with negative bias after the data announcement the pair increased its momentum on the down side and went below the crucial supports of 1.24 and now trading near that levels so intraday sell on rise strategy likely to yield return so utilize rise to sell the pair.Fundamental Overview
British Pound is trading at 1.2412, depreciating against US dollar after Core Retail Sales data was reported lower than expected on Friday. Pound fell from the highs of 1.2510 to a low of 1.2387. Today in terms of economic data, CBI Industrial Trends Orders is scheduled to be reported. Expect GBPUSD pair to trade in a range of 1.2380-1.2450 for lack of any economic data and the US markets remaining closed.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
16:30 GBP CBI Industrial Trends Orders (Feb) 3 5