PAIR: GBPUSD
TECHNICAL REVIEW:
Today it opened at 1.5365, made high of 1.5389 and low of 1.5287. It got resistance from 61.8% fib level and was supported at 50% fib of 1.575-1.4812. Support was also provided by 50d average at 1.5287.
There is event risk of preliminary British GDP data tomorrow. Only good data can support price and will take it above 61.8% fib.
Today range: 100 pips.
FUNDAMENTAL REVIEW:
GBP:
CBI Industrial order expectation data was released today, it was -12 as expected. It was medium impact data and came as expected so could not support GBP.
USD:
There were 3 fundamental news in USD, Flash Manufacturing PMI was 53.2 against expected 52.5
New Home Sales 497K against expected 482K.
Crude Oil Inventries -2.8M against -2.5M expected.
Fundamentals supported USD.
CONTACT: newtraders01@gmail.com
TECHNICAL REVIEW:
Today it opened at 1.5365, made high of 1.5389 and low of 1.5287. It got resistance from 61.8% fib level and was supported at 50% fib of 1.575-1.4812. Support was also provided by 50d average at 1.5287.
There is event risk of preliminary British GDP data tomorrow. Only good data can support price and will take it above 61.8% fib.
Today range: 100 pips.
FUNDAMENTAL REVIEW:
GBP:
CBI Industrial order expectation data was released today, it was -12 as expected. It was medium impact data and came as expected so could not support GBP.
USD:
There were 3 fundamental news in USD, Flash Manufacturing PMI was 53.2 against expected 52.5
New Home Sales 497K against expected 482K.
Crude Oil Inventries -2.8M against -2.5M expected.
Fundamentals supported USD.
CONTACT: newtraders01@gmail.com
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