Daily GBP USD Technical Analysis 17th November, 2016

GBP USD Technical Analysis

GBP USD Technical Analysis 17th November, 2016

Technical Analysis Overview:

Prev. Close 1.2443
Open 1.2439
Day’s Range 1.2412 – 1.2456
52 wk Range 1.1450 – 1.5336
1-Year Return -18.27%

Technical Support and Resistance:

Daily Camarilla GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2434. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2425 and 1.2417. On the other side the market has immediate resistance at 1.2452. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2461 and 1.2469.

Expected trading range for today is between 1.2412 supports and 1.2456 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 Retail Sales m/m

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