GBP/USD TECHNICAL OUTLOOK : 10.01.2017
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
GBP/USD. Pair after opening at 1.2266 made a high of 1.2271, and could not sustain the higher levels and saw a strong selling after the pair violated the curial supports of 1.22 so any rise is a shorting opportunity in the pair for the medium term.
Fundamental Overview
British Pound is trading at 1.2137, depreciating the most against all the majors in yesterdays session making a low of 1.2125. Economic data was positive with the house price index posting good gains but comments from the British PM May, wherein she has indicated a tough stance against immigration in the Brexit talks. Hard Brexit possibility moved the pair lower and will keep the pound under pressure.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31 GBP BRC Retail Sales Monitor (YoY) (Dec)
NIFTY FUT TREND : BUY ZONE
BANKNIFTY FUT TREND : BUY ZONE
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Fundamental Overview
British Pound is trading at 1.2137, depreciating the most against all the majors in yesterdays session making a low of 1.2125. Economic data was positive with the house price index posting good gains but comments from the British PM May, wherein she has indicated a tough stance against immigration in the Brexit talks. Hard Brexit possibility moved the pair lower and will keep the pound under pressure.
Economic Data & News
TIME COUNTRY DATA ACTUAL SURV PREVIOUS
5:31 GBP BRC Retail Sales Monitor (YoY) (Dec)
