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Daily GBP USD Technical Analysis 22nd November, 2016

GBP USD Technical Analysis

GBP USD Technical Analysis 22nd November, 2016

Technical Analysis Overview

Prev. Close      1.2490

Open               1.2498

Day’s Range   1.2482 – 1.2513

52 wk Range   1.1450 – 1.5240

1-Year Return -17.70%

Technical Support and Resistance

Daily GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2474. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2455 and 1.2436. On the other side the market has immediate resistance at 1.2512. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2531 and 1.2550.

Expected trading range for today is between 1.2482 supports and 1.2513 resistances.

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

Upcoming Important Economic News: (GMT +3)

  1. Public Sector Net Borrowing
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Find More Technical Analysis: EUR/USD Technical Analysis