GBP/USD TECHNICAL OUTLOOK : 14.09.2016

GBP/USD TECHNICAL OUTLOOK : 14.09.2016

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE

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GBP/USD. Pair after opening at 1.3270 made a high of 1.3347 , and saw some selling pressure from the higher levels after a strong run up from the past weeks, the pair has reversed from the levels of 1.3400 levels and now near 1.32 now 1.34 would act as a strong resistance and pair will see strong supply coming in at higher levels

Fundamental Overview

Pound is trading at 1.3190, as inflation and PPI output data reported yesterday came in below expectations. Dollar demand added to the weakness in Pound and focus would be on the wages data today. Another weak data, coupled with weak equity markets would drive the pair below 1.31.

Economic Data & News

TIME COUNTRY DATA ACTUAL SURV PREVIOUS
14:00:00 GBP Average Earnings Index +Bonus (Jul) 2.10% 2.40%
14:00:00 GBP Claimant Count Change (Aug) 1.8K -8.6K
14:00:00 GBP Unemployment Rate (Jul) 4.90% 4.90%
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