GBP/USD TECHNICAL OUTLOOK : 26.09.2016
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.3078 made a high of 1.3088 , and seen some selling pressure with pair being volatile in the session, the pair has double bottom formation near 1.2940 mark and it was acting as a strong support while the resistance is coming near 1.30-1.3050 mark so the pair would likely to be volatile going ahead
Fundamental Overview
Pound is trading at 1.2977, after a steep decline from the 1.31 level that was seen after the FOMC meeting. Brexit headlines drove the pair lower as markets remain wary about the timing of the Article 50. There is no major data for the entire week and movement in the British currency would continue to be driven by Brexit and the US dollar demand.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP BBA Mortgage Approvals 37.2K 37.7K
NIFTY Fut : SELL ZONE
BANKNIFTY FUT : SELL ZONE
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GBP/USD. Pair after opening at 1.3078 made a high of 1.3088 , and seen some selling pressure with pair being volatile in the session, the pair has double bottom formation near 1.2940 mark and it was acting as a strong support while the resistance is coming near 1.30-1.3050 mark so the pair would likely to be volatile going ahead
Fundamental Overview
Pound is trading at 1.2977, after a steep decline from the 1.31 level that was seen after the FOMC meeting. Brexit headlines drove the pair lower as markets remain wary about the timing of the Article 50. There is no major data for the entire week and movement in the British currency would continue to be driven by Brexit and the US dollar demand.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP BBA Mortgage Approvals 37.2K 37.7K
