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Daily GBP USD Technical Analysis 15th November, 2016

gbpusd technical analysis

GBP USD Technical Analysis 15th November, 2016

Technical Analysis Overview:

Prev. Close      1.2496

Open               1.2496

Day’s Range   1.2484 – 1.2529

52 wk Range   1.1450 – 1.5336

1-Year Return – 17.96%

Technical Support and Resistance:

Daily Camarilla Forex Technical analysis shows that GBP/USD pair may find the immediate support at 1.2471. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2455 and 1.2439.

On the other side the immediate resistance 1.2503. A break beyond the last, doors will open for a test of 1.2519 and from there to 1.2535.

Expected trading range for today is between 1.2510 supports and 1.2593 resistances.

Along with technical analysis following economic event are very important to analyze the financial market properly.

Upcoming Important Economic News: (GMT +3)

  1. GBP – CPI y/y
  2. GBP – PPI Input m/m
  3. GBP – RPI y/y
  4. GBP – Core CPI y/y
  5. GBP – HPI y/y
  6. GBP – PPI Output m/m
  7. GBP – Inflation Report Hearings

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