GBP/USD TECHNICAL OUTLOOK : 06.09.2016
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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GBP/USD. Pair after opening at 1.3139 made a high of 1.3266 , and saw some profit booking from the higher levels the pair is respecting the levels of 1.3200 as a resistance and 20DMA at 1.3128 and 1.3000 is acting as a support for the pair and rise is shorting opportunity for medium to long term player as the pair is making lower top and bottom formation
Fundamental Overview
Pound is trading at 1.3320, continuing with the stronger trend as economic data continued to surprise on the upside. A surprise uptick in the services PMI data reported yesterday added to the strength of the British pound. There is no economic data to be reported today but expect the pound to be supported near the 1.33 level.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
04:31:00 GBP BRC Retail Sales Monitor (YoY) (Aug) 1.10%
NIFTY Fut : BUY ZONE
BANKNIFTY FUT : BUY ZONE
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Fundamental Overview
Pound is trading at 1.3320, continuing with the stronger trend as economic data continued to surprise on the upside. A surprise uptick in the services PMI data reported yesterday added to the strength of the British pound. There is no economic data to be reported today but expect the pound to be supported near the 1.33 level.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
04:31:00 GBP BRC Retail Sales Monitor (YoY) (Aug) 1.10%
