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Daily GBP USD Technical Analysis 23rd November, 2016

GBP USD Technical Analysis 23rd November, 2016

GBP USD Technical Analysis 23rd November, 2016

Technical Analysis Overview:

Prev. Close      1.2424

Open               1.2424

Day’s Range   1.2407 – 1.2426

52 wk Range   1.1450 – 1.5240

1-Year Return -17.94%

 

Technical Support and Resistance

Daily GBP USD Technical analysis shows that GBP/USD pair may find the immediate support at 1.2412. If, market breaks the first support then it will go for the following support to test. Following supports are 1.2400 and 1.2387. On the other side the market has immediate resistance at 1.2436. If, market breaks the primary resistance level then, market will go for the new resistance level 1.2448 and 1.2461.

Expected trading range for today is between 1.2407 supports and 1.2426 resistances.

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

Upcoming Important Economic News: (GMT +2)

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