GBP/USD TECHNICAL OUTLOOK : 19.01.2017
GBP/USD. Pair after opening at 1.2402 made a high of 1.2411, and saw the pair profit booking from the higher levels the pair had not sustain the lower levels of 1.20 and reversed few day back this signifies demand and aggressiveness of bulls while supply is coming at 1.24-1.2450 so likely to trade volatile in the range.
Fundamental Overview
British pound is trading at 1.2260, continuing to consolidate from the sharp rally that was seen after the Brexit speech by UK PM May and better than expected inflation numbers. uncertainty still remains in the outcome and will limit any major appreciation. No economic data to be reported from the UK today and we would like to fade rallies in the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31 GBP RICS House Price Balance (Dec) 24% 30% 29%
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
British pound is trading at 1.2260, continuing to consolidate from the sharp rally that was seen after the Brexit speech by UK PM May and better than expected inflation numbers. uncertainty still remains in the outcome and will limit any major appreciation. No economic data to be reported from the UK today and we would like to fade rallies in the pair.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31 GBP RICS House Price Balance (Dec) 24% 30% 29%
