GBP USD Technical Analysis 25th November, 2016
Technical Analysis Overview
Prev. Close 1.2448
Day’s Range 1.2429 – 1.2454
52 wk Range 1.1450 – 1.5240
1-Year Return -17.71%
Technical Support and Resistance
Daily GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2443. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2433 and 1.2424. On the other side the market has immediate resistance at 1.2501. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2551 and 1.2603.
Expected trading range for today is between 1.2429 supports and 1.2454 resistances.
Along with technical analysis following economic event are very important to analyze the financial market properly.
GBP USD Important Economic Events: (GMT +2)
1. Second Estimate GDP q/q
2. Prelim Business Investment q/q
3. Index of Services 3m/3m
4. CBI Realized Sales