GBP/USD TECHNICAL OUTLOOK : 06.09.2016

GBP/USD TECHNICAL OUTLOOK : 06.09.2016

NIFTY Fut               : BUY ZONE
BANKNIFTY FUT : BUY ZONE
Click Here  & Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753

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%
Presented by

DISCLAIMER

The suggestions made herein are for information purposes and are not recommendations to any person to buy or sell any securities. The information is derived from various sources that are deemed to be reliable but its accuracy and completeness are not guaranteed.Our blog does not accept any liability for the use of this column. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions. And we won't be liable or responsible for any legal or financial losses made by anyone .Any surfing and reading of the information available in this blog is the acceptance of this disclaimer.